The Securities and Exchange Commission in Thailand has granted approval for One Asset Management (ONEAM) to introduce the country's inaugural Bitcoin Exchange-Traded Fund (ETF). This milestone development is tailored specifically for affluent and institutional investors, symbolizing a significant advancement in incorporating digital assets within Thailand's financial domain.

The Bangkok Post has reported that the local asset management firm, One Asset Management, has received the green light from the Thai SEC to launch the first Bitcoin ETF in Thailand, catering exclusively to wealthy and institutional investors. The fund's strategic approach involves investing in a diverse portfolio of 11 prominent global funds, vetted by regulators in the United States and Hong Kong to ensure both safety and liquidity.

As outlined in the details provided by the Bangkok Post, the Bitcoin ETF is designed to allocate funds into eleven premier global funds to guarantee the fund's safety and liquidity. Notably, the regulatory bodies in both the United States and Hong Kong have thoroughly examined and approved the structure to uphold stringent safety measures and ensure liquidity for investors' peace of mind.

ONEAM recommends that investors designate 5% of their investment portfolio to Bitcoin within the ETF, projecting an annual return of 8.90% along with an enhanced portfolio Sharpe ratio. This strategic advice aims to optimize investment outcomes for participants by providing a balanced blend of exposure to the digital asset space.