Thailand’s Securities and Exchange Commission is seeking public comments on draft rules for cryptocurrency exchange-traded funds and a proposal to tighten qualification standards for overseas digital asset custodians used by funds. The comment period runs until September 20. Under the draft, crypto ETFs must be created and managed by asset management companies, operate as passive vehicles that track crypto asset prices, and maintain an annual average net exposure of at least 80% of net asset value to a single crypto asset. Initial eligible assets are limited to Bitcoin and Ethereum. The products would trade only on the Stock Exchange of Thailand, and assets must primarily be held by domestic digital asset custodians regulated by the Thai SEC. The regulator may later allow qualified overseas custodians if necessary and appropriate. Mutual funds and private funds would also be allowed to invest in Thai-listed crypto ETFs, subject to existing limits.