News · Cointelegraph

Thailand crypto ETFs may see slow start despite new rules: CoinShares

Thailand's rules for Bitcoin and Ether ETFs to list on the Stock Exchange of Thailand take effect Friday, letting retail investors buy locally listed crypto ETFs, while overseas crypto ETF purchases through domestic brokers are limited to institutional and ultra-high-net-worth investors. CoinShares head of research James Butterfill expects modest initial inflows, with tens of millions of US dollars across the first products rather than billions. He noted that existing options, such as foreign Bitcoin funds and direct crypto trading, may reduce demand, and pointed to Hong Kong, which holds just 0.42% of global crypto ETP assets despite being a financial hub. Butterfill named MFC Asset Management and ONE Asset Management as issuers worth watching, but neither has confirmed launch plans or timing, and neither had responded to Cointelegraph by publication.

Summary written by Upside AI from the original article. Read the source for full details.

Read the original on Cointelegraph ↗

Related news

  • Selling gold ? Know capital gains tax rules for jewellery , gold ETFs , mutual funds , SGBs , gifts and inheritancemoneycontrol.com·
  • XRP ETFs See $770K Inflows: XRP Price Forecast Targets $1.47

    XRP was trading at $1.29, down 4.36% over 24 hours and pressing on $1.2659 support, while 24-hour volume rose 40.18% to $3.01 billion and the token is down 12.22% in October. The slide follows hotter-than-expected September PPI inflation of 6.3% (versus 5.3% expected) and core PPI of 5.0% (versus 4.4%), which raised the odds of further rate hikes. Spot XRP ETFs still posted small inflows, while Evernorth is deploying its XRP treasury. According to the analysis, a daily close below $1.2659 would open a path toward $1.00–$1.10, while buyers would need to reclaim $1.4711 and then $1.6238 to move higher. Six of the nine Octobers in the seasonal table finished lower, and this October is tracking that pattern so far.

    coinspeaker.com·▲ XRP/USDT
  • CFTC Chairman Michael Selig Says New Crypto Rules Are Coming Soon. Here's What Crypto Investors Need to Know.

    The Clarity Act failed a procedural Senate vote on Sept. 15, but CFTC Chairman Michael Selig said the agency would pursue crypto rules under its existing powers. On Oct. 5, the CFTC issued an advance notice of proposed rulemaking, the first formal step, targeting the middle tier of exchanges that offer margin trading. Proposed measures could require proof of reserves, segregation of client money from house money, and new listing reviews examining token ownership concentration and vesting schedules. After a 60-day public comment period following Federal Register publication, a proposed rule could follow, with final rules likely in 2027. The article says Hyperliquid faces the most exposure, since its core perpetual futures business falls on the top tier that the proposal does not cover.

    Yahoo Finance·▲ BTC/USDT▲ ETH/USDT
  • Crypto for Advisors: Wall Street is done waiting on Congress for crypto rules

    CoinDesk's Crypto for Advisors newsletter reports that financial firms are building their own crypto compliance and infrastructure while Congress has not passed a federal framework. After the Senate failed to advance the CLARITY Act on Sept. 15, the SEC issued an "innovation exemption" allowing certain venues to trade tokenized U.S.-listed stocks onchain, though such an exemption can be narrowed or withdrawn. Executives speaking at a Crain's New York Business event said state-by-state compliance is costly, with Uphold's CFO saying compliance is now one of the company's largest departments. Many institutions have launched private, closed networks that cannot easily connect, while risk is shifting toward separating trading from custody. The author suggests these practices could become a bridge to legislation or a substitute for it.

    CoinDesk·▲ BTC/USDT▲ ETH/USDT
  • Can the SEC and CFTC’s pro-crypto rules be overturned? Legal opinion

    After the Senate's failed CLARITY cloture vote, the SEC and CFTC issued their own pro-crypto rules, including a five-year exemption allowing stock tokens to be issued and traded. Critics warn that agency rules are easier to rescind, a concern heightened by the Trump-appointed commissioners' reversal of Gary Gensler-era policies and by the 2024 Loper Bright ruling, which overturned Chevron and means courts need not defer to agency interpretations. Yuriy Brisov of D&A Partners argues that agencies have rulemaking power under the Exchange Act of 1934, but rules that impose unbearable burdens can be challenged in court, as in Business Roundtable v. SEC in 2011. The article also notes that a community bank group is suing the OCC for allowing crypto firms to obtain national trust bank charters.

    Cointelegraph·• BTC/USDT• ETH/USDT
  • Australia's financial watchdog seeks stiffer rules for crypto exchanges ahead of licensing deadline

    Australia's financial regulator, ASIC, has proposed standards requiring crypto exchanges and digital asset custodians to safeguard customer funds, ensure transparent trading and meet financial requirements. The rules take effect on April 8, 2027, and existing firms can keep operating if they apply for a license by Oct. 7, 2027, while ASIC reviews their applications. The consultation closes on Nov. 27, with final guidance expected in March 2027. The move aims to bring crypto businesses under a framework similar to traditional financial firms, following the 2022 collapse of FTX, which left about 30,000 Australian customers unable to access their money. ASIC said it has received more than 140 applications for authorization.

    CoinDesk·• BTC/USDT

Related markets

Crypto →

Latest news

  • Why Meta's Q3 earnings could be a little hard to interpret

    Meta is reporting its third-quarter earnings after the market closes Wednesday, and Yahoo Finance's Brian Sozzi says the report will be hard to interpret. Recent good news on Meta's AI products, including new models and an AI agent, may not appear directly in the results but will likely be discussed on the earnings call. The key uncertainty is how investors will react if Meta raises its capex outlook again: it could be seen as fueling those products, or as overspending on offerings not yet reflected in financials. Sozzi expects the market to give Meta the benefit of the doubt on higher capex, as long as the increase does not shock investors.

    Yahoo Finance·• METAearningsMETAartificial intelligence
  • Zerohash rolls out a new tool to move crypto without copying wallet addresses

    Zerohash launched AUTH, a service that lets users move crypto, stablecoins and blockchain-based stock tokens between linked exchange accounts or self-custody wallets without copying wallet addresses or choosing a blockchain network. To transfer, users pick an account in an app that offers AUTH, sign in and approve the move, while the service handles routing and settlement and each app sets which assets and transfer types it allows. AUTH supports more than 600 connections, including Coinbase, Robinhood, Gemini, MetaMask and Phantom, with Coinbase, Robinhood and Gemini live and Kraken in beta. The launch comes as Zerohash's application for a national trust bank charter, returned by the Office of the Comptroller of the Currency in July, remains pending after a narrower refiling on Aug. 18.

    CoinDesk·cryptostablecoinsZerohash
  • 2 charts show why Wall Street is right to worry about tech stocks

    Rising cost of capital could affect the financial statements of hyperscalers such as Oracle (ORCL) and Google (GOOG, GOOGL) in 2027, as they need fresh debt to fund AI infrastructure and free cash flow may turn negative. JPMorgan strategist Mislav Matejka forecasts hyperscaler free cash flow will turn negative in 2027, implying credit markets will drive more of the AI build-out. Consensus estimates for 2027 capital expenditures are already rising from levels experts believe are too low. Morgan Stanley sees total 2027 capex among hyperscalers reaching $1.6 trillion, up from $978 billion estimated for this year. Dan Ives of Yorkville expects capex to reach the trillions and over 1,000 datacenters to be built in the next few years.

    Yahoo Finance·▼ GOOGL▼ QQQAI investmentdata centerstech stocks
  • Update on loan rate cuts as of the evening of Oct 19: MB, VietinBank, SHB, OCB join in

    SHB, MB, VietinBank and OCB have announced loan rate cuts, following Agribank, Vietcombank, BIDV, ACB, LPBank and VietBank, with typical reductions of 1.5-2% per year. MB is cutting 1.5% per year for five priority sectors, to rates from 7.9% per year, and up to 2% in some cases; VietinBank is cutting up to 2% per year, while OCB offers up to 2.25% per year on some medium- and long-term loans for OCB Priority Banking members. SHB is cutting 1.5-2% per year for businesses and households and offers rates from 5.5% per year for lecturers and students at some universities. Vietcombank commits to cutting at least 2% through year-end, BIDV applies rates from 6% per year on short-term VND loans from 15/10/2026, and VietBank runs a VND 3,000 billion package. Specific benefits depend on borrower type, loan purpose, term and program conditions, following directives from the Government and the State Bank of Vietnam.

    CafeF·▲ CTG▲ MBB▲ OCB▲ SHBinterest ratesbanksState Bank of Vietnam
  • Nvidia wins CPU business from Modal, previously exclusive to AMD and Intel

    Modal, a San Francisco-based AI cloud startup that previously ran its AI agent workloads only on Intel and AMD processors, will begin using Nvidia's new Vera CPU. Early tests showed the Nvidia chip doubled work capacity for AI agents, and Modal plans to run it alongside Intel and AMD chips, assigning each task to the most efficient hardware, though integration requires substantial software changes. Modal recently raised $750 million in a round led by Accel at a $15.75 billion valuation and expects $1 billion in sales over the next year, with usage tripled and revenue up more than 15 times year-over-year. Nvidia projects at least $20 billion in Vera chip revenue this fiscal year in a market it estimates at about $200 billion, and says OpenAI, Anthropic, Oracle and Perplexity also plan to use the chips.

    Yahoo Finance·▲ NVDANVDAsemiconductorsartificial intelligence
  • America's EV Plans Have Died

    Billions of dollars went into EV factories, dealerships and marketing after President Biden set a goal for 50% of new US car sales to be zero-emission by 2030, but EV sales have since fallen sharply. US EV sales dropped 30.7% in the first nine months of 2026, after the $7,500 tax credit expired on September 30 last year, and gas prices near $4.50 per gallon have done little to lift them. According to Kelley Blue Book, the average transaction price of a new EV was $54,754 in August, above the $50,089 average for all new cars. Ford's EV sales fell 80.2% to 6,047 in the third quarter, and it has no new EV planned until its Fathom launches next year, while Tesla holds over 50% of the market and no other major automaker has even 10%. The article says EVs could recover if gas prices reach $5 and stay there for months, but that is uncertain.

    Yahoo Finance·▼ TSLAelectric vehiclesTSLAfuel prices

All news →

Get the briefing on Telegram or Zalo

Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.