Hong Kong investment firm Victory Securities reveals Bitcoin and Ether ETF fees
Despite the Hong Kong SFC not yet publishing an approved list of issuers, Victory Securities has disclosed its fees for Bitcoin and Ethereum ETFs.
Hong Kong-based investment firm Victory Securities has reportedly disclosed its proposed fees to investors for Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) following the recent approval of cryptocurrency ETF products within the region.
The announcement comes even though the Hong Kong Securities and Futures Commission (SFC) has not yet published the list of approved ETF issuers.
If approved by the SFC, Victory Securities’ customers will face proposed fees for Ethereum and Bitcoin ETF shares in the primary market, set at 0.5% to 1% of the total transaction, with a minimum fee of $850, according to an extract of a translated report shared by Wu Blockchain on April 20.
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Author: Ciaran Lyons
