Ethereum

Victory

Bitcoin

Grayscale Bitcoin Trust

<div class="insidebitcoins">
 <p class="p2">Victory Securities, a Hong Kong-based investment firm, has recently unveiled the proposed fees for its upcoming Bitcoin and Ethereum exchange-traded funds (ETFs). This announcement is significant as it follows the recent approval of cryptocurrency ETF products in the region, despite the Hong Kong Securities and Futures Commission (SFC) not yet releasing a list of approved ETF issuers.</p>
 <h2 class="p1" id="navigating-the-fees-what-to-expect-from-hong-kong-s-newest-crypto-etfs">Navigating the Fees: What to Expect from Hong Kong’s Newest Crypto ETFs</h2>
 <p class="p2">Investors looking to purchase shares in the primary market of these forthcoming ETFs can expect fees ranging from 0.5% to 1% of the total transaction, with a minimum charge of $850, as per details from a translated report cited by Wu Blockchain on April 20. Additionally, the secondary market transactions will incur fees of 0.15% for online dealings and 0.25% for transactions conducted over the telephone.</p>
 <p class="p2">The fee structure set by Victory Securities aligns closely with those seen in the United States, where asset managers have introduced spot Bitcoin ETFs with varying fees. For instance, Franklin Templeton has implemented a fee of 0.19%, while others range from 0.20% to 0.90%. In contrast, the Grayscale Bitcoin Trust (GBTC) charges a higher fee of 1.5%.</p>
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
  <p lang="en" dir="ltr">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.</p>
  <p>The original text of the picture is in Chinese, using Google Translate… pic.twitter.com/oCqlU6EoSm</p>
  <p>— Wu Blockchain (@WuBlockchain) April 20, 2024</p>
 </blockquote>
 <p></p>
 <p class="p2">The excitement surrounding the approval of spot Bitcoin and Ether ETFs in Hong Kong, marking Hong Kong as the latest country to embrace such financial products. This approval has been met with enthusiasm, particularly from local exchanges and segments of the crypto community, though there is a level of skepticism about the potential success of these ETFs within the region.</p>
 <p class="p2">Furthermore, it’s expected that three offshore Chinese asset managers, including the Hong Kong units of Harvest Fund Management, Bosera Asset Management, and China Asset Management (ChinaAMC), are preparing to launch their own spot Bitcoin and Ether ETFs soon. This move could potentially increase the accessibility and popularity of these digital assets in the Asian market.</p>
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 <p class="p1">Dogeverse is quickly making a name for itself in the expansive crypto universe with its innovative chain-hopping ability, standing out as more than just another meme coin. Represented by Cosmo the Shiba Inu, Dogeverse enhances the connectivity between major blockchain platforms such as Ethereum, BNB Chain, Polygon, Base, Solana, and Avalanche, thus offering an exceptional degree of interoperability and broad accessibility.</p>
 <p class="p1">This unique meme coin, which started as a simple novelty, has evolved into a potential major player in the cryptocurrency market thanks to its ability to operate across multiple blockchains. This feature expands its attractiveness across a variety of blockchain users and acts as a cohesive element within the often segmented blockchain environment. Dogeverse provides a welcoming gateway for users, whether they are attracted by Solana’s low transaction fees, Ethereum’s solid reputation, or the novelty of the nascent Base chain.</p>
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 <h3 id="related-news">Related News</h3>
 <ul>
  <li>Bitcoin ETFs Will Be Lucky To Raise $500M In Tiny Hong Kong Market, Bloomberg ETF Analyst Says</li>
  <li>Ethereum Price Prediction: ETH Soars 6% As Hong Kong Approves Ethereum And Bitcoin ETFs And This Learn-To-Earn Crypto Blasts Past $300K</li>
  <li>Hong Kong Sets Stage for Cryptocurrency Expansion with New ETF Approvals</li>
  <li>Bitcoin Price Prediction: Bloomberg Analyst Says Hong Kong BTC ETFs Will Be “Lucky To Get $500M” As This Learn-To-Earn Crypto ICO Races Towards $1M</li>
 </ul>
 <p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/victory-securities-unveils-fee-structure-for-upcoming-bitcoin-and-ether-etfs-tbt86125.html">https://thebittimes.com/victory-securities-unveils-fee-structure-for-upcoming-bitcoin-and-ether-etfs-tbt86125.html</a></p>
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Victory Securities Unveils Fee Structure for Upcoming Bitcoin and Ether ETFs

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