The Thailand Securities and Exchange Commission (SEC) has granted One Asset Management (ONEAM) the authorization to introduce the initial spot Bitcoin exchange-traded fund (ETF) in Thailand, exclusively available to affluent and institutional investors. The fund's strategy involves investing in 11 prominent global funds, safeguarding cryptocurrencies following international standards to ensure liquidity and security, and undergoing assessments by regulatory bodies in the United States and Hong Kong. Concurrently, MFC Asset Management is anticipating SEC endorsement for a Bitcoin ETF catering to wealthy and institutional investors. Digital assets, as stated by Pote Harinasuta, CEO of ONEAM, offer an alternative investment opportunity with minimal correlation to traditional financial assets, aiding investors in risk diversification. The global traction of Bitcoin ETFs is escalating, predominantly acknowledged by foreign regulatory authorities, following the US SEC's approval earlier this year for funds directly investing in spot Bitcoin via ETFs. In April, the Hong Kong Securities and Futures Commission greenlit the formation of ETFs investing in both Bitcoin and Ethereum.