Thailand crypto ETFs may see slow start despite new rules: CoinShares
Thailand’s new Bitcoin and Ether ETF rules take effect Friday, but CoinShares expects modest initial inflows as existing investment options compete for demand.
Thailand’s first crypto exchange-traded funds (ETFs) may get off to a slow start despite Bangkok’s efforts to expand access to regulated digital asset investments.
“I would expect modest inflows initially, with tens of millions of US dollars across the first products a more realistic starting expectation than billions,” James Butterfill, head of research at digital asset investment firm CoinShares, told Cointelegraph.
The country opens a new route for crypto exposure on Friday as its rules for Bitcoin (BTC) and Ether (ETH) ETFs to list on the Stock Exchange of Thailand take effect.