Thailand's first crypto ETFs may see modest initial inflows despite new regulatory framework

Thailand's new rules allowing retail Thai investors to access locally listed Bitcoin (BTC) and Ether (ETH) ETFs on the Stock Exchange of Thailand take effect, but CoinShares research head James Butterfill expects only modest initial inflows, not billions of US dollars. This is partly because existing investment options, such as MFC Asset Management's Bitcoin ETF Tracker Fund (MBTCETF-UI) which invests in BlackRock’s iShares Bitcoin Trust (IBIT), may limit demand, and local ETFs need to attract new investors or offer a compelling reason to switch. Butterfill compared this to Hong Kong, which accounts for only 0.42% of assets in global crypto exchange-traded products (ETPs) despite its status as a financial hub.