Thailand's Securities and Exchange Commission (SEC) is actively working to expand its exchange-traded fund (ETF) offerings beyond Bitcoin to include a broader range of digital assets, according to a Bloomberg report. SEC secretary-general Pornanong Budsaratragoon stated in an interview that the regulator is drafting new rules to allow local mutual funds and institutions to issue ETFs backed by a basket of cryptocurrencies. "Our possibility now is to broaden the criteria for the crypto such as a basket of cryptocurrencies," Pornanong said. "We want to have broader supply of those crypto assets in the ETFs."
The initiative aims to attract young investors seeking cryptocurrency exposure for portfolio diversification and to bolster Thailand's position as a regional crypto hub. This move aligns with global trends, including a surge in crypto ETF approvals in the U.S. markets, where funds pegged to assets like Solana (SOL), Ripple (XRP), Litecoin (LTC), and Dogecoin (DOGE) are under consideration. Currently, Thai investors can only access crypto through direct token purchases or overseas funds, but the expanded ETF framework could enhance liquidity and altcoin exposure domestically.
Additionally, Thailand has been advancing its digital asset plans through initiatives like G-Tokens, which tokenize government bonds, and a cryptocurrency sandbox for tourists that entered public hearings in July 2025. The Thai SEC and central bank are collaborating on these efforts, with support from entities like Gulf Binance, to integrate tokenized products into mainstream investments and facilitate broader crypto adoption.