According to the Bangkok Post, the Thai Securities and Exchange Commission has given approval to One Asset Management, a local firm, to introduce Thailand’s first Bitcoin exchange-traded fund .
Meanwhile, while ONEAM celebrates its achievement, MFC Asset Management awaits approval from the SEC for its own spot Bitcoin ETF. Similar to ONEAM’s offering, MFC’s ETF will also cater exclusively to high-net-worth individuals and institutional clients.Over the past 11 years, bitcoin has delivered an average annual return of 124%. However, this comes with high volatility, with BTC’s average annual volatility sitting at 83%.
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’s risk-adjusted return.