CoinShares Expects Modest Inflows Into Thailand Crypto ETFs
Reported by Cointelegraph · AI-assisted summary by ChikoCorp AI News Desk
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Summary
Thailand has launched new rules allowing Bitcoin and Ether ETFs to list on the Stock Exchange of Thailand starting Friday, enabling retail investors domestic access to crypto ETFs. Despite this, James Butterfill of CoinShares expects only modest initial inflows, in the tens of millions of US dollars, rather than billions. Local ETFs still require regulatory approval and custody arrangements before trading, and potential issuers like MFC Asset Management and ONE Asset Management have yet to confirm launch dates.
Why it matters
The opening of regulated crypto ETFs in Thailand expands investment access for retail investors domestically. However, according to the source, initial demand may be limited due to existing investment avenues and cautious market behavior, as illustrated by the slow growth of crypto ETFs even in major financial centers like Hong Kong. The source does not elaborate further on the broader economic or policy implications.
Key context
Thailand is restricting overseas crypto ETF investments via domestic brokers to institutional and ultra-high-net-worth investors, emphasizing local regulated options for retail users. MFC Asset Management launched a Bitcoin ETF Tracker Fund in 2024 investing in BlackRock’s iShares Bitcoin Trust, while ONE Asset Management was the first to receive SEC approval for a Bitcoin ETF-linked fund. CoinShares data indicates global crypto investment products held $172.9 billion AUM as of late September 2026.
Key numbers and entities
Key entities include Thailand’s Stock Exchange, MFC Asset Management, ONE Asset Management, James Butterfill from CoinShares, and BlackRock’s iShares Bitcoin Trust (IBIT). Global crypto investment products accounted for $172.9 billion in assets under management, with Hong Kong holding $733 million. Initial inflow expectations for Thailand’s crypto ETFs are tens of millions of US dollars.
What remains unclear
The exact timing for the launch of Thailand’s first locally listed crypto ETFs remains unconfirmed. There has been no official response from Thailand’s SEC, ONE Asset Management, or MFC Asset Management regarding the launch plans or regulatory approval status as of the article's publication. The source does not detail how the new ETF rules might affect market dynamics or investor behavior beyond initial inflow projections.