- One Asset Management launches Thailand’s first spot Bitcoin ETF, approved by the SEC.
- ONEAM’s Bitcoin ETF targets wealthy and institutional investors, not retail, from May 31 to June 6, 2024.
- The ONEAM ETF invests in 11 major global Bitcoin funds, providing investors with liquidity and safety.
The Thailand SEC has approved ONEAM’s launch of the country’s first spot Bitcoin ETF. The ONE Bitcoin ETF Fund of Funds Unhedged and not for Retail Investors (ONE-BTCETFOF-UI) is set for distribution between May 31 and June 6, 2024.
Strategic Bitcoin Allocation for Diversification
According to the Bangkok Post, ONEAM’s ETF is structured to invest in 11 major global Bitcoin funds, ensuring both liquidity and safety for its investors. This strategic allocation is poised to tap into the cryptocurrency’s renowned potential for high returns while adhering to rigorous international standards for digital asset security. Pote Harinasut, the CEO of ONEAM, talked about the fund’s robust investment policy, which promises to safeguard and enhance investor assets.
Investing in Bitcoin directly through various platforms contains risks, with past problems including data loss or stolen digital assets via the online system.
The approval of the SEC is a major step for the country to accept and regulate cryptocurrency investments. Harinasut invests 5% of its assets in Bitcoin in order to generate an 8.90% yearly return.
Ripple CEO Predicts Imminent Launch of XRP, Solana, and Cardano ETFsRecognition of Bitcoin ETFs
Thailand’s adoption of the Bitcoin ETF is consistent with previous regulatory developments in other countries like the US, Hong Kong, Australia, and the UK. These regions have recognized the importance of providing institutional investors with regulated, secure, and straightforward access to cryptocurrency investments, mirroring Thailand’s regulatory strategy.
The approval of the Bitcoin ETF coincides with regulatory advancements worldwide. These regions have realized the importance of institutional investors with regulated, secure, and straightforward access to cryptocurrency investments.
