SEC Secretary General Pornanong Budsaratragoon said the move could strengthen Thailand’s domestic crypto economy.
Some neighboring Southeast Asian countries have already approved crypto ETFs, following the lead of the U.S., which launched spot exchange-traded funds linked to Bitcoin and Ethereum in 2024.

In June last year, Thailand's SEC already gave One Asset Management (ONEAM) permission to launch a Bitcoin derivatives trading fund. However, this investment product was only available to large corporate entities.

"Whether we like it or not, we must move alongside other countries to promote wider adoption of cryptocurrencies around the world. We must adapt to the current environment and ensure that domestic investors have more opportunities to invest in crypto assets, while protecting their interests," the SEC secretary general said.

Despite efforts by the government to develop the local cryptocurrency market, Thailand's Technology Crime Suppression Department (TCSD) has proposed banning Polymarket, a prediction platform that allows bets on political, sporting, and economic events using cryptocurrencies.
The TCSD has deemed Polymarket an illegal gambling platform.
Singaporeans found betting on Polymarket could face a fine of S$10,000 (about $7,300) and six months in prison.

Last year, the Thai regulator announced the launch of a regulatory sandbox for testing digital services and crypto assets. The sandbox is open to brokers, dealers, fund managers and custodial wallet providers.