For over half a century, Victory Securities, headquartered in Hong Kong, has provided investors with an internal subscription guide and details on their billing procedures for investing in the Hong Kong Bitcoin Ethereum spot ETF.
In simple terms, the investor guide probably contains essential details for potential investors, such as fees, investment techniques, and enrollment processes. Furthermore, the revelation of pricing policies ensures clarity about the costs involved in investing in this ETF.
Victory outlined its application and redemption fees for its primary market Ethereum and Bitcoin. Transactions will incur a fee ranging from 0.5% to 1%, with a minimum fee set at $850. ‘
The cash redemption fees for the primary market have been revealed as well. Fees for transactions range between 0.1% and 0.15% of the total amount, while a minimum fee of $500 applies in every case.
Trading over the phone or via email will come with a commission of 0.215% per trade, having a minimum charge fixed at $8. On the other hand, online trading transactions will be subject to a lower commission rate of 0.15%, and a minimal fee of USD 4 applies.
A potential action indicators growing approval and integration of cryptocurrencies among conventional financial organizations in Hong Kong, possibly expanding opportunities for local investors to engage with these digital assets.
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2024-04-20 23:16