% 1.83
BTC Dominance:
% 0.32
Market Cap:
$2.48 T
% 1.89
Fear & Greed:
72 / 100
$ 68.544
BTC Dominance:
% 54.1
Market Cap:
$2.48 T

Hong Kong ETF Fees Revealed by Victory Securities, Despite Unconfirmed Issuers

Hong Kong Announce License!

Victory Securities, an investment firm based in Hong Kong, has disclosed its proposed fees for Bitcoin and Ethereum exchange-traded funds (ETFs), despite the Hong Kong Securities and Futures Commission (SFC) not yet publishing an approved list of ETF issuers.

According to reports, Victory Securities has unveiled its fee structure for Bitcoin and Ethereum ETF shares in the primary market, which would range from 0.5% to 1% of the total transaction, with a minimum fee of $850. These proposed fees were shared by Wu Blockchain on April 20.

For investors looking to trade existing ETF shares on the secondary market, Victory Securities has set fees at 0.15% for online transactions and 0.25% for telephone transactions.

These fee rates are comparable to those offered by United States asset managers for spot Bitcoin ETFs, with Franklin Templeton setting its fee at 0.19% and others ranging between 0.20% and 0.90%. However, the Grayscale Bitcoin Trust (GBTC) imposes a higher fee at 1.5%.

Hong Kong recently approved spot ETFs for Bitcoin and Ether, making it the latest country to do so. Offshore Chinese asset managers, including Hong Kong units of Harvest Fund Management, Bosera Asset Management, and China Asset Management (ChinaAMC), are planning to launch their spot Bitcoin and Ether ETFs soon.

While the approval was welcomed by many in the crypto community and local Hong Kong exchanges, some expressed skepticism about the ETF’s success within the region. Bloomberg ETF analyst Eric Balchunas noted that mainland China investors may not be eligible to purchase Hong Kong-listed spot Bitcoin and Ether ETFs due to restrictions on buying virtual assets.

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