- This follows the SFC’s green light for spot trading in Ether and Bitcoin ETFs in Hong Kong.
- Some fees related to the ETF are detailed in a new guide published by Victory Securities.
The new Hong Kong Bitcoin Ethereum spot ETF from the renowned Hong Kong financial organization Victory Securities features a comprehensive fee structure guide that was issued not long ago. This follows the SFC’s green light for spot trading in Ethereum and Bitcoin ETFs in Hong Kong.
Some fees related to the ETF are detailed in a new guide published by Victory Securities. The minimum fee for an investor to transact on the main market is $850, and the fee ranges from 0.5% to 1% on Bitcoin and Ethereum. Additionally, the main market cash redemption cost, as detailed in the guide, will be between 0.1% and 0.15% of the transaction amount, with a fixed minimum fee of $500.
Boosting Institutional Adoption
For transactions executed over the phone or by email, a fee of 0.215 percent per trade is required, with a minimum charge of $8. At the same time, there will be a $4 minimum charge for online transactions and a reduced commission of 0.15% each transaction.
Potential investors will have all the information they need regarding the expenses of participating in the ETF thanks to this transparent fee structure. A huge step forward in the integration of cryptocurrency into Hong Kong’s conventional financial services has been taken by Victory Securities.
Local and international investors now have easier access to Bitcoin and Ethereum thanks to the firm’s creation of a regulated and structured investment vehicle. The market for cryptocurrencies may see increased interest and institutional adoption as a consequence of this.
Spot Bitcoin and Ethereum ETFs have been officially approved by the Hong Kong Securities and Futures Commission (SFC), as previously reported.
Highlighted Crypto News Today:
Ethereum Co-Founder Criticizes Renewal of FISA’s Section 702
