Victory Securities, which has been based in Hong Kong for over 50 years, publishes information about the Hong Kong Bitcoin Ethereum Spot ETF's billing policy as well as an internal subscription guide.
This handbook may contain important information for prospective investors, including fee structures, investment methods, and subscription procedures. Additionally, disclosure of charging criteria provides transparency regarding the costs associated with investing in this ETF.
Victory provided an overview of application and redemption fees for the major markets Ethereum and Bitcoin. Transactions are subject to fees ranging from 0.5% to 1%, and the minimum fee is set at $850. '
It also revealed cash redemption fees for the primary market. Transactions are subject to fees ranging from 0.1% to 0.15% of the transaction amount, with a minimum fee set at $500.
Telephone or email transactions are subject to a 0.215% fee per transaction, with a minimum fee of $8. Meanwhile, fees for online transactions are set at 0.15% per transaction, with a minimum fee of $4.
The move could signal increased acceptance and adoption of cryptocurrencies among traditional financial institutions and could pave the way for broader access to digital assets for Hong Kong investors.
Also read: Hong Kong SFC approves Spot Bitcoin and Ethereum ETF
