The SEC has opened public comment on draft rules for Crypto ETFs in Thailand. Fund managers may launch funds that hold Bitcoin and Ethereum, listed only on the SET, with at least 80% of NAV in crypto on average over the fiscal year. Custody must go through a licensed DA Custodian. Retail investors must confirm they understand the risks, and the SEC will also let Thai funds invest in these ETFs. For a typical SME owner this is background only: no action is needed now, though a personal investor may want to note the proposed risk-disclosure and diversification requirements.