{"id":510681,"date":"2024-04-22T18:11:22","date_gmt":"2024-04-22T18:11:22","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=510681"},"modified":"2024-04-22T18:11:22","modified_gmt":"2024-04-22T18:11:22","slug":"victory-securities-unveils-fee-structure-for-upcoming-bitcoin-and-ether-etfs","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/victory-securities-unveils-fee-structure-for-upcoming-bitcoin-and-ether-etfs","title":{"rendered":"Victory Securities Unveils Fee Structure for Upcoming Bitcoin and Ether ETFs"},"content":{"rendered":"

Victory Securities<\/a>, a Hong Kong-based investment firm, has recently unveiled the proposed fees for its upcoming Bitcoin and Ethereum exchange-traded funds (ETFs). This announcement is significant as it follows the recent approval of cryptocurrency ETF products in the region, despite the Hong Kong Securities and Futures Commission (SFC)<\/a> not yet releasing a list of approved ETF issuers.<\/p>\n

Navigating the Fees: What to Expect from Hong Kong’s Newest Crypto ETFs<\/h2>\n

Investors looking to purchase shares in the primary market of these forthcoming ETFs can expect fees ranging from 0.5% to 1% of the total transaction, with a minimum charge of $850, as per details from a translated report cited by Wu Blockchain on April 20. Additionally, the secondary market transactions will incur fees of 0.15% for online dealings and 0.25% for transactions conducted over the telephone.<\/p>\n

The fee structure set by Victory Securities aligns closely with those seen in the United States, where asset managers have introduced spot Bitcoin<\/a> ETFs with varying fees. For instance, Franklin Templeton has implemented a fee of 0.19%, while others range from 0.20% to 0.90%. In contrast, the Grayscale Bitcoin Trust (GBTC) charges a higher fee of 1.5%.<\/p>\n

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Exclusive: Victory Securities internally released the Hong Kong Bitcoin Ethereum spot ETF subscription guide and disclosed its charging standards. Hong Kong securities firms are selling to potential clients.<\/p>\n

The original text of the picture is in Chinese, using Google Translate… pic.twitter.com\/oCqlU6EoSm<\/a><\/p>\n

— Wu Blockchain (@WuBlockchain) April 20, 2024<\/a><\/p><\/blockquote>\n