The Story Highlights
- Victory Securities charges ETFs 0.5% to 1.0% for transactions on the primary markets.
- Trading online in HK Bitcoin Ethereum ETF is subject to a 0.15% fee.
- HK has launched the first ever Ethereum ETF after SFC approval.
Victory Securities is a Hong Kong-based financial institution that has published an in-depth guide to the fees for its Hong Kong Bitcoin Ethereum Spot ETF. The Hong Kong Securities and Futures Commission has approved the trading of Bitcoin and Ethereum spot ETFs. Ethereum ETFs.
Subscribers and Fee Details
Victory Securities just released a guide that details some of the charges related to ETFs. Investors are charged 0.5%-1% for Ethereum or Bitcoin transactions on the primary market. The minimum fee is $850. The guide also outlines the fee for cash redemption in the primary markets, which ranges between 0.1% to 0.15%, and has a minimum of $500.
Victory Securities released its own internal guide for Hong Kong Bitcoin Ethereum Spot ETF subscription and revealed their charging standards. Hong Kong firms selling securities to clients.
Google Translate can be used to translate the original Chinese text. pic.twitter.com/oCqlU6EoSm
Wu Blockchain April 20, 2024
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For trades made by email or phone, the commission will be 0.215% and the fee minimum is $8. Online transactions, however, will be charged a commission rate of 0.1% per transaction with a $4 minimum. The transparent fee structure is intended to provide potential investors with clear information upfront about the full costs of investing in ETFs.
Accessibility to Institutions and Increased Adoption
Victory Securities’ move is an important step in integrating cryptocurrencies into the traditional financial sector in Hong Kong.
By creating a structured and regulated investment vehicle, Bitcoin The firm has enabled local and foreign investors to have greater access to digital assets through Ethereum. It is likely that this will lead to a greater interest and adoption of cryptocurrency by institutions.
Hong Kong Cryptocurrency Exchange Traded Funds Background
The earlier reports have confirmed that the Hong Kong Securities and Futures Commission The official approval for Bitcoin and Ethereum spot ETFs had been given. Hong Kong is now the first jurisdiction in the world to have a spot Ethereum ETF. Due to this, several large financial institutions were approved, showing a growing appreciation and acceptance of cryptocurrency in the financial world.
Approvals were given to a number of leading financial institutions in the area, which indicates a rising acceptance and recognition for cryptocurrency products within the financial landscape.
These ETFs allow investors to invest directly in Bitcoin or Ethereum via a regulated market, creating a safer and more structured way of investing. There are limitations to these new developments, even though they have generated a lot of buzz. Mainland Chinese investors are not allowed to participate and there is still a cryptocurrency ban in China.
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Kelvin has a bachelor’s degree in Actuarial Science and is an accomplished writer who specializes in finance and crypto. He is known for his incisive content and his ability to analyze. His command of English is excellent and he excels in research, timely delivery and thorough analysis.
Content presented may reflect the opinion of an author, and market conditions. Before investing in cryptocurrency, do your research. You are not responsible for any financial losses incurred by the author of this publication.