First, Australia's Largest Stock Exchange Approves Bitcoin Spot ETF

Previously, Thailand had taken a significant step in terms of digital asset adoption by approving the country's first Bitcoin Spot Exchange Traded Fund (ETF). This is also the first in the Southeast Asia region. Marks an important transition in the regulation and acceptance of crypto assets in the region.

This Bitcoin Spot ETF was launched by One Asset Management (ONEAM), a leading asset management company in Thailand, and offers a safe and regulated investment alternative for investors looking to gain exposure to Bitcoin.

Tokocrypto CEO and Deputy General Chair of the Indonesian Blockchain & Crypto Asset Traders Association (Aspakrindo-ABI), Yudhono Rawis welcomed the approval of the Spot Bitcoin ETF in Thailand and saw it as a positive sign for the future of crypto assets in Indonesia. This ETF holds out hope of attracting interest from institutional investors and individuals looking for a safe and regulated way to invest in Bitcoin.

“The approval of the Spot Bitcoin ETF in Thailand gives broad hope for crypto adoption in Indonesia. This shows that regulators in this region are starting to accept crypto as a legitimate asset class and are increasingly open to its potential,” said Yudho in an official statement, quoted on Sunday (8 /6/2024).

Yudho added that this development could open up opportunities for the launch of crypto ETF investment products in Indonesia. He stated that this development could be a major impetus for regulators in Indonesia to consider similar steps.

“By looking at the development of regulators in other countries, such as Thailand, Hong Kong, Australia and the United States, which have approved crypto ETFs, it is very likely that Indonesia will follow the same steps,” said Yudho.