Thailand’s rules allowing Bitcoin (BTC) and Ethereum (ETH) ETFs on its stock exchange take effect on October 16. The same rulebook blocks brokers from steering ordinary investors into foreign crypto ETFs.

The Securities and Exchange Commission (SEC) issued 11 notifications on October 8 after two rounds of public hearings. Until now, Thai mutual funds could get crypto ETF exposure only through products listed abroad.

Why Is Thailand Keeping Crypto ETF Money at Home?

For now, the regulator will not allow depositary receipts (DRs) or other products linked to foreign crypto ETFs. DRs are locally traded…