Thailand’s Securities and Exchange Commission finalized 11 notifications allowing domestic Bitcoin and Ether exchange-traded funds to list on the Stock Exchange of Thailand from Oct. 16, 2026. The framework does not authorize immediate trading of any named product: no fund has filed to launch, and asset managers must first meet fund-management, custody and investor-protection requirements. Only Bitcoin and Ether qualify initially, and each passive ETF must track a single asset and maintain average annual net exposure of at least 80% of net asset value. Fund assets must be held by SEC-regulated digital-asset custodians, while investment-management outsourcing is limited to licensed digital-asset fund managers. Brokers cannot lend clients money to buy the funds, and investors must acknowledge product risks before trading. Securities firms must emphasize appropriate asset allocation. The products can trade only on the SET. Thai mutual funds and private funds may invest in domestically established crypto ETFs, an option previously limited to foreign products. Thai securities firms remain barred from facilitating overseas crypto ETF purchases for non-institutional clients, and depositary receipts tied to foreign crypto ETFs are prohibited during the initial phase. The framework adds a domestic regulated route for crypto exposure in a country where World data cited crypto ownership at 20%, above the U.S. figure of 13%. Domestic exchange activity, however, has declined: active accounts fell to 121,000 in July 2026 from roughly 265,000 in 2024, while daily trading value dropped 27.13% month on month to 1,378 million baht. Stablecoins represented 66% of trading volume, compared with 16% for Bitcoin.