חברות AMC מבוססות הונג קונג חולקות עמלות על תעודות סל של ביטקוין נקודתי ו-ETH

Victory Securities has announced its fees for Bitcoin and Ethereum ETFs. The Hong Kong Securities and Futures Commission hasn’t published the list of approved issuers.

Victory Securities Announces Fees For BTC & ETH ETFs

Victory Securities Holdings Company Ltd. has reportedly disclosed its proposed fees to investors for Bitcoin and Ethereum Spot ETFs after the recent approval of cryptocurrency ETF products within the region.

The announcement was released even though the Hong Kong Securities and Futures Commission (SFC) did not publish the list of approved ETF issuers.

On April 20, Wu Blockchain shared a translated report from which information on fees for ETFs was extracted. If SFC allows Victory Securities’ BTC and ETH ETFs, customers will be charged a proposed fee for Ethereum and Bitcoin ETF products in the market. The fees are proposed to be 0.5% and 1% of the total transaction value, with a minimum fee of $850. 

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.

The original text of the picture is in Chinese, using Google Translate… pic.twitter.com/oCqlU6EoSm

- וו בלוקצ'יין (@WuBlockchain) אפריל 20, 2024

Fees On Multiple ETF Products

The proposed fees are comparable to those issued by United States asset managers offering spot Bitcoin ETFs. Franklin Templeton has set its fee at 0.19%, while other ETFs range between 0.20% and 0.90%, whereas different fees in the U.S. are waived multiple times this year. 

The Grayscale Bitcoin Trust imposed remarkably higher fees at 1.5%. On April 15, the media channels reported that Hong Kong was the latest country to approve spot ETFs on Bitcoin and Ethereum, which is considered a significant milestone for the crypto ecosystem in the country.

Some analysts expect a bullish overview in the market about the release of spot ETFs. At the same time, others are considering other factors, such as persistent inflation and geopolitical risk, that can overpower the bullish overview.

There are three offshore Chinese asset management companies: Hong Kong units of Harvest Fund Management, Bosera Asset Management, and China Asset Management (China AMC). These are some of the other companies that are planning to launch their spot Bitcoin and Ether ETFs soon.

The approval of spot ETFs has received praise from many in the crypto community, including Hong Kong exchanges. The others are very skeptical about the success of ETFs in the given region.

On April 17, Eric Balchunas, a Bloomberg ETF analyst, shared a post on X stating, “Mainland China investors probably won’t be eligible to buy Hong Kong-listed spot bitcoin and ether ETFs as they are barred from buying virtual assets.”

Mainland China investors probably won’t be eligible to buy Hong Kong-listed spot bitcoin and ether ETFs as they are barred from buying virtual assets. There are some other routes they could try but they less used channels and could be shut down, via note from @RebeccaSin_SK pic.twitter.com/OoHiZ6c9HJ

- אריק בלצ'ונאס (@EricBalchunas) אפריל 17, 2024

אנורג עובד ככותב יסוד ב-The Coin Republic מאז 2021. הוא אוהב להפעיל את השרירים הסקרניים שלו ולחקור לעומק נושא. למרות שהוא מכסה היבטים שונים של תעשיית הקריפטו, הוא די נלהב מה-Web3, NFTs, Gaming, ו- Metaverse, ורואה בהם את העתיד של הכלכלה (הדיגיטלית). קורא וסופר בנשמה, הוא מכנה את עצמו "נגן גיטרה ממוצע" וכדורגלן מהנה.