Look at Thailand trying to play dress-up with spot etfs. SEC thinks they can build a velvet rope around bitcoin and ether to keep the plebs from getting wrecked by offshore volatility. My coffee tastes like battery acid. The draft rules say 80 percent exposure, fine. But who is actually going to custody this, some local firm that has never seen a private key in their life? If they force them to trade on the set, they are just trapping liquidity in a cage. My cousin lost his entire savings on a rug pull last year. Institutionalizing this just means when the wash hits, the regulators will be the ones holding the empty bags while the funds exit to cover their own bleed out. It is a slow rollout for a reason.
@cryptofiynews
August 26, 2026 3.4K
