Global crypto investment products held $172.9 billion in assets under management, including $733 million in Hong Kong, according to CoinShares data as of late September. Butterfill said that existing investment options may limit demand for new Thai ETFs, as some investors already gain Bitcoin exposure through foreign funds or direct crypto trading. MFC Asset Management, identified as a firm worth watching, launched its Bitcoin ETF Tracker Fund (MBTCETF-UI) in 2024, investing in BlackRock’s iShares Bitcoin Trust (IBIT), the world’s largest spot Bitcoin ETF by assets under management. ONE Asset Management became the first Thai asset manager to receive approval for a Bitcoin ETF-linked fund in 2024.
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