{"id":2414,"date":"2024-06-05T04:13:32","date_gmt":"2024-06-05T04:13:32","guid":{"rendered":"https:\/\/cryptd.in\/another-country-will-see-its-first-spot-bitcoin-etf-report\/"},"modified":"2024-06-05T04:13:32","modified_gmt":"2024-06-05T04:13:32","slug":"another-country-will-see-its-first-spot-bitcoin-etf-report","status":"publish","type":"post","link":"https:\/\/cryptd.in\/it\/another-country-will-see-its-first-spot-bitcoin-etf-report\/","title":{"rendered":"Another Country Will See its First Spot Bitcoin ETF: Report"},"content":{"rendered":"<p>According to the Bangkok Post, the Thai Securities and Exchange Commission (SEC) has given approval to One Asset Management, a local firm, to introduce Thailand\u2019s first Bitcoin exchange-traded fund (ETF).<\/p>\n<p>This ETF is exclusively available to wealthy and institutional investors and follows a policy of investing in 11 prominent global funds.<\/p>\n<h2>A Diversified Approach<\/h2>\n<p>The ONE Bitcoin ETF Fund of Funds Unhedged and not for Retail Investors (ONE-BTCETFOF-UI) will be distributed between May 31 and June 6. However, unlike traditional ETFs, this fund is exclusively available to wealthy and institutional investors.<\/p>\n<p>\u201cDigital assets are an alternative asset class with low correlation to traditional financial instruments,\u201d <a href=\"https:\/\/www.bangkokpost.com\/business\/investment\/2804674\/thai-sec-approves-first-bitcoin-etf\" target=\"_blank\" rel=\"noopener\">said<\/a> Pote Harinasuta, CEO of ONEAM. \u201cThey are suitable to help investors diversify investment risks,\u201d he added.<\/p>\n<p>ONEAM\u2019s Bitcoin ETF takes a unique approach by investing in 11 leading global funds. This strategy ensures liquidity and safety for investors. The fund adheres to international standards for storing digital assets and has also undergone rigorous reviews by regulatory agencies in both the United States and Hong Kong.<\/p>\n<p>Meanwhile, while ONEAM celebrates its achievement, MFC Asset Management awaits approval from the SEC for its own spot Bitcoin ETF. Similar to ONEAM\u2019s offering, MFC\u2019s ETF will also cater exclusively to high-net-worth individuals and institutional clients.<\/p>\n<p>Spot Bitcoin ETFs are gaining traction globally, with the U.S. SEC paving the way earlier this year by <a href=\"https:\/\/cryptopotato.com\/its-official-sec-approves-bitcoin-spot-etfs-for-trade-in-the-united-states\/\">approving<\/a> the first batch in the country. In April, Hong Kong\u2019s Securities and Futures Commission followed suit, allowing the <a href=\"https:\/\/cryptopotato.com\/hong-kong-spot-bitcoin-ethereum-etfs-go-live-issuers-expect-huge-launch-day\/\">establishment<\/a> of ETFs that include both Bitcoin and Ethereum. More recently, such a product saw the <a href=\"https:\/\/cryptopotato.com\/this-firm-will-launch-australias-first-spot-etf-with-direct-bitcoin-holdings-today\/\">light of day<\/a> in Australia.<\/p>\n<h2>Risk Management Strategies<\/h2>\n<p>Over the past 11 years, bitcoin has delivered an average annual return of 124%. However, this comes with high volatility, with BTC\u2019s average annual volatility sitting at 83%.<\/p>\n<p>Pote Harinasuta emphasized that while the cryptocurrency remains highly volatile, integrating it with other traditional assets can enhance expected returns while also reducing risk-adjusted performance.<\/p>\n<p>ONEAM acknowledges this risk and has advised investors to allocate only 5% of their portfolio to BTC through the ETF. Their analysis suggests such a strategy could achieve an annual return of 8.90% while potentially improving the overall portfolio\u2019s risk-adjusted return.<\/p>\n<p>\u201cInvesting in Bitcoin directly through various platforms contains risks, with past problems including data loss or stolen digital assets via the online system,\u201d said Mr. Pote.<\/p>\n<p>The ONE Bitcoin ETF aims to address this security concern by giving investors custodian-level security practices, similar to those used by institutional investors. These custodians use offline storage for BTC, minimizing the risk of online attacks.<\/p>\n<p>Il post <a href=\"https:\/\/cryptopotato.com\/another-country-will-see-its-first-spot-bitcoin-etf-report\/\">Another Country Will See its First Spot Bitcoin ETF: Report<\/a> \u00e8 apparso per la prima volta su <a href=\"https:\/\/cryptopotato.com\/\">Criptopatate<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>According to the Bangkok Post, the Thai Securities and Exchange Commission (SEC) has given approval to One Asset Management, a local firm, to introduce Thailand\u2019s first Bitcoin exchange-traded fund (ETF). This ETF is exclusively available to wealthy and institutional investors and follows a policy of investing in 11 prominent global funds. A Diversified Approach The [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2414","post","type-post","status-publish","format-standard","hentry","category-feeds"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Another Country Will See its First Spot Bitcoin ETF: Report - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/it\/another-country-will-see-its-first-spot-bitcoin-etf-report\/\" \/>\n<meta property=\"og:locale\" content=\"it_IT\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Another Country Will See its First Spot Bitcoin ETF: Report - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"According to the Bangkok Post, the Thai Securities and Exchange Commission (SEC) has given approval to One Asset Management, a local firm, to introduce Thailand\u2019s first Bitcoin exchange-traded fund (ETF). This ETF is exclusively available to wealthy and institutional investors and follows a policy of investing in 11 prominent global funds. 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