Victory Securities, located in Hong Kong for more than fifty years, has made public an internal subscription guide as well as information regarding its billing procedures for the Hong Kong Bitcoin Ethereum spot ETF.
Victory explained its application and redemption fees for its principal market Ethereum and Bitcoin. Transactions will carry a cost ranging from 0.5% to 1%, with a minimum fee set at $850. ‘
The guidebook likely provides information that is crucial to prospective investors, including fee structures, investing methods, and subscription procedures. Additionally, the publication of pricing criteria gives transparency regarding the fees involved with investing in this ETF.
Phone or email trades will carry a 0.215% commission per trade, with a minimum price of $8. Meanwhile, online trading commissions will be set at 0.15% each transaction, with a minimum fee of USD 4.
It also has disclosed its cash redemption fees for the primary market. Transactions will incur fees ranging from 0.1% to 0.15% of the transaction value, with a fixed minimum cost set at $500.
This action may suggest greater acceptance and adoption of cryptocurrencycurrencies within traditional financial institutions and might pave the way for expanded access to digital assets for investors in Hong Kong.
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