Ether bets were wiped out at six times bitcoin’s rate in crypto’s $1 billion flush
About $356 million in ETH positions were liquidated over 24 hours, more than bitcoin despite ether’s market value being less than a fifth as large.
Thailand has finalized rules allowing Bitcoin and Ether exchange-traded funds (ETFs) to be listed on the country's main stock exchange, the Stock Exchange of Thailand. The Securities and Exchange Commission (SEC) announced that these crypto ETFs will commence trading exclusively on the Stock Exchange of Thailand starting October 16, 2026.
The SEC also amended its rules to permit mutual funds and private funds to invest in Thai-established crypto ETFs, expanding investment opportunities for Thai investors. However, brokers are barred from providing margin loans to purchase crypto ETFs. The SEC requires fund assets to be held with SEC-regulated digital asset custodians, and investors must understand the risks before trading.
Crypto ETFs must track the price of the underlying cryptocurrency, maintaining at least 80% net exposure to a single cryptocurrency over each accounting year. The SEC consulted on the proposed principles and draft regulations in April, May, August, and September, with most respondents supporting the proposals.
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