- The SEC has authorized One Asset Management (ONEAM) to launch the first spot Bitcoin ETF in Thailand.
- ONE Bitcoin ETF (ONE-BTCETFOF-UI) is going to launch between May 31 and June 6 and will be limited to wealthy and institutional investors.
- ONE-BTCETFOF-UI has been reviewed by international regulatory agencies in the US and Hong Kong.
Thailand’s First Spot Bitcoin ETF
Thailand is also getting in on the Bitcoin adoption race and is set to launch its first spot Bitcoin ETF.
One Asset Management (ONEAM) has become the first to receive approval from the SEC to launch its ETF, ahead of MFC Asset Management, which is still awaiting approval.
As such, the ONE Bitcoin ETF (ONE-BTCETFOF-UI) is expected to launch between May 31 and June 6.
“Although the supply of Bitcoin is limited at 21 million, demand is rising as it gains popularity. We see high growth potential for Bitcoin”
Pote Harinasuta, chief executive of ONEAM
Careful Adoption
ONE-BTCETFOF-UI will launch with an investment risk level of eight, and will only be available to wealthy and institutional investors.
Also, the ONE-BTCETFOF-UI has a policy of investing in 11 leading global funds to guarantee liquidity and safety, hold coins by international standards, and has been vetted by US and Hong Kong regulatory authorities.
Looking at the ETF race in the US, it is safe to assume that a similar scenario awaits other countries. The launch of the first ETF is an obvious signal of this.
Conclusion
ONEAM’s assessments make it clear that interest in crypto-assets, their resolution, and investor protection is gaining a lot of interest.
“Digital assets are an alternative asset that have low correlation with other financial assets. They are suitable to help investors diversify investment risks”
Pote Harinasuta, chief executive of ONEAM
However, ONEAM’s recommendations remain neat, as does the Bitcoin adopting strategy itself.
“Investing in Bitcoin can offer good returns, but comes with high volatility,” he said.
ONEAM recommends investors allot only 5% of their portfolio to Bitcoin to obtain a return of 8.90% per year.
The return relative to the risk of this portfolio (the Sharpe ratio) is 0.71, with a maximum drawdown of -22.4%.
A portfolio without Bitcoin generates a return of 5.80% per year, with a Sharpe ratio of 0.48 and a maximum drawdown of -20.4%
