Victory Securities reveals Bitcoin and Ether ETF fees

Hong Kong-based investment firm Victory Securities has revealed its proposed fees for Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) after the recent approval of cryptocurrency ETF products in the region. Despite the Hong Kong Securities and Futures Commission (SFC) not yet publishing the list of approved ETF issuers, Victory Securities has disclosed its fees to investors. For customers purchasing Ethereum and Bitcoin ETF shares in the primary market, the fees will range from 0.5% to 1% of the total transaction, with a minimum fee of $850. On the secondary market, fees for buying and selling existing ETF shares will be 0.15% for online transactions and 0.25% for telephone transactions.

These fees are comparable to those offered by US asset managers for spot Bitcoin ETFs. Franklin Templeton has set its fee at 0.19%, while other ETFs range from 0.20% to 0.90%. The Grayscale Bitcoin Trust (GBTC) has a higher fee of 1.5%. Although fees are currently waived until August, Victory Securities has already established its fee structure.

Hong Kong recently joined the list of countries that have approved spot ETFs for Bitcoin and Ether. Several offshore Chinese asset managers, including Harvest Fund Management, Bosera Asset Management, and China Asset Management (ChinaAMC), plan to launch their spot Bitcoin and Ether ETFs in the near future. While the approval has been praised by the crypto community, some have expressed skepticism about the success of the ETFs in the region. Mainland China investors may not be eligible to buy Hong Kong-listed spot Bitcoin and Ether ETFs due to restrictions on buying virtual assets.

Victory Securities has disclosed its proposed fees for Bitcoin and Ethereum ETFs, despite the SFC not yet publishing the list of approved ETF issuers. The fees for primary market transactions range from 0.5% to 1%, with a minimum fee of $850. Secondary market fees are 0.15% for online transactions and 0.25% for telephone transactions. These fees are similar to those offered by US asset managers for spot Bitcoin ETFs. Hong Kong recently approved spot ETFs for Bitcoin and Ether, with several Chinese asset managers planning to launch their ETFs soon. There are doubts about the accessibility of the ETFs for mainland China investors due to restrictions on buying virtual assets.

Vinnie Glazier

Vinnie Glazier

11 thoughts on “Victory Securities reveals Bitcoin and Ether ETF fees

  1. It’s understandable that mainland China investors may have restrictions on buying virtual assets. Hopefully, regulations will evolve to accommodate them in the future. 🤞⛔️💼

  2. I’m excited to see more ETF options for Bitcoin and Ether in Hong Kong. It provides more opportunities for diversification.

  3. I had hopes that the approval of spot ETFs in Hong Kong would bring more accessibility to the market, but these fees from Victory Securities are just making it more difficult for investors. Not a good move!

  4. Victory Securities’ proposed fees provide a balance between fair pricing and covering their costs as an investment firm.

  5. Wow, it’s great to see Victory Securities being proactive and disclosing their proposed fees for Bitcoin and Ethereum ETFs! 💪🚀

  6. These fees are outrageous! Victory Securities is just trying to milk as much money as possible from investors. This is not how a reputable investment firm should operate. 😠💸

  7. Victory Securities’ fee structure is well-aligned with industry standards, ensuring consistency in the market.

  8. Victory Securities is being sneaky by establishing their fee structure before the official approval list is out. It makes me question their credibility and transparency as a firm.

  9. It’s disappointing that Victory Securities is already disclosing their fees when the SFC hasn’t even published the list of approved ETF issuers. They should be more patient and wait for the official announcement.

  10. I’m looking forward to seeing how the ETF market for Bitcoin and Ether develops in Hong Kong. Exciting times ahead!

  11. Ugh, Victory Securities is just trying to make a quick buck with these fees. It’s unfair to burden investors with such high costs, especially when there are other ETF options available with lower fees.

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