Victory Securities, a renowned financial organization in Hong Kong, has recently launched the Hong Kong Bitcoin Ethereum spot ETF. This ETF has gained approval from the Hong Kong Securities and Futures Commission (SFC) for spot trading in Ethereum and Bitcoin.
To provide investors with a clear understanding of the fees associated with this ETF, Victory Securities has published a comprehensive fee structure guide. According to this guide, the minimum fee for investors to transact on the main market is $850. The fees for Bitcoin and Ethereum range from 0.5% to 1%. Additionally, the main market cash redemption cost will be between 0.1% and 0.15% of the transaction amount, with a fixed minimum fee of $500.
In order to boost institutional adoption, Victory Securities has implemented different fee structures for transactions conducted over the phone or by email. Such transactions will incur a fee of 0.215% per trade, with a minimum charge of $8. Online transactions, on the other hand, will have a minimum charge of $4 and a reduced commission of 0.15% per transaction.
Thanks to this transparent fee structure, potential investors can easily access information about the expenses associated with participating in this ETF. This move by Victory Securities marks a significant step towards integrating cryptocurrency into Hong Kong’s traditional financial services.
With the creation of this regulated and structured investment vehicle, local and international investors now have easier access to Bitcoin and Ethereum. As a result, the market for cryptocurrencies may witness increased interest and institutional adoption.
It is worth noting that the Hong Kong SFC has officially approved spot Bitcoin and Ethereum ETFs.
