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Under the name of ONE Bitcoin ETF Fund of Funds Unhedged, the new fund was planned to be distributed between 31 May and 6 June 2024.Securities and Exchange Commission (SEC) of Thailand has approved One Asset Management (ONEAM) to launch the first spot Bitcoin exchange-traded fund (ETF) of the country. As per reports, the new fund would be distributed between 31 May 2024 and 6 June 2024 under the name ONE Bitcoin ETF Fund of Funds Unhedged and not for Retail Investors (ONE-BTCETFOF-UI), according to a recent report from Bangkok Post. However, the investment will only be available to wealthy and institutional investors, due to volatility. As per reports, ONEAM recommended investors allocate 5% of their portfolio to Bitcoin, expecting an annual return of 8.90%. Although it may increase overall portfolio volatility, the allocation is expected to improve expected returns and Sharpe ratio, a measure of risk-adjusted returns.