Thailand’s Securities and Exchange Commission has taken a bold step to reflect the increasing acceptance of cryptocurrency by mainstream society. [SEC] The country has now launched its first Bitcoin ETF [ETF]. This event marks an important moment in the history of the cryptocurrency sector and for Thailand’s investment environment.
One Asset Management reports have been released. [ONEAM] Has emerged as the trailblazer of this field. The first Bitcoin ETF will be offered to wealthy and institutional investors. The fund named ONEBTCETFOFUI is expected to start on May 31, and run until June 6, allowing investors to diversify portfolios in the digital asset world.
Also Read: Crypto Regulation Escalates: Thailand to Block Unauthorized Platforms
Bitcoin’s Investment Appeal
PoteHarinasuta – Chief Executive Officer of ONEAM – emphasized why such a tool was introduced. He said that investors can diversify their portfolios by investing in digital assets such as Bitcoin. He continued. added,
“Digital assets are an alternative asset that has low correlation with other financial assets. They are suitable to help investors diversify investment risks. Although the supply of Bitcoin is limited at 21 million, demand is rising as it gains popularity. We see high growth potential for Bitcoin.”
Bitcoin is attractive not only because of its ability to generate high returns, but also due to its volatility. This feature presents investors with both advantages and disadvantages. BTC showed an average return on investment of 124% per year, but with 83% volatility. ONEAM suggests that you allocate only 5% of your portfolio to Bitcoin in order to manage risks. This will result in an annual return of 8.9%.
The global trend of embracing cryptocurrency investments is reflected in the approval of Thailand’s first Bitcoin exchange-traded fund (ETF). Cryptocurrencies are becoming more popular as investors look to access digital assets.
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Source: watcher.guru