According to local reports, Thailand’s Securities and Exchange Commission (SEC) has approved the first Bitcoin exchange-traded fund (ETF) to take off in the country. One Asset Management (ONEAM) is at the forefront, as it offers one bitcoin ETF of funds unhedged and not for retail investors (ONE-BTCETFOF-UI), to wealthy and institutional investors from May 31st until June 6th.
The fund will invest in eleven leading global Bitcoin funds guaranteeing liquidity while observing international storage standards, and regulatory compliance overseen by the U.S and Hong Kong.
“Digital assets are an alternative asset that have low correlation with other financial assets. They are suitable to help investors diversify investment risks,” explained Pote Harinasuta, ONEAM’s chief executive. “Although the supply of Bitcoin is limited at 21 million, demand is rising as it gains popularity. We see high growth potential for Bitcoin.”
According to him, over the past 11 years, Bitcoin has delivered an amazing average annual return of 124%, at an 83% volatility rate. With increased but manageable risk levels ONEAM advises allocating just about 5% of portfolios to Bitcoin with a projected yearly return of around 8.9%.
While Bitcoin remains a highly volatile asset, Harinasuta added that combining it with other traditional assets can boost expected returns while lowering risk-adjusted performance.
As crypto ETFs gain traction globally following U.S. SEC approvals, the Thai fund addresses a key investor concern: secure storage. “Investing directly raises risks like data breaches and theft that ETFs avoid by using institutional-grade offline custody,” Harinasuta said.
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