Victory Securities, a renowned financial organization in Hong Kong, has recently released a detailed fee structure guide for its new Hong Kong Bitcoin Ethereum spot ETF. This move comes after the Hong Kong Securities and Futures Commission (SFC) gave approval for spot trading in Bitcoin and Ethereum ETFs.
The guide provides information on various fees associated with the ETF. For transactions on the main market, investors are required to pay a minimum fee of $850, with fees ranging from 0.5% to 1% for Bitcoin and Ethereum. The guide also specifies that 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.
To facilitate easy access for investors, Victory Securities has implemented different fee structures for various transaction methods. For transactions conducted over the phone or by email, a fee of 0.215% per trade is charged, with a minimum charge of $8. Online transactions, on the other hand, have a minimum charge of $4 and a reduced commission of 0.15% per transaction.
By providing this transparent fee structure, Victory Securities aims to ensure that potential investors have all the necessary information regarding the expenses involved in participating in the ETF. This is a significant step forward in integrating cryptocurrencies into Hong Kong’s traditional financial services.
The creation of a regulated and structured investment vehicle by Victory Securities has made it easier for both local and international investors to access Bitcoin and Ethereum. As a result, the market for cryptocurrencies may witness increased interest and institutional adoption.
In related news, the Hong Kong Securities and Futures Commission (SFC) has officially approved spot Bitcoin and Ethereum ETFs, as reported previously.
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