Victory Securities has released a fees manual for Bitcoin and Ethereum ETFs, despite the fact that the Hong Kong SFC is unable to publish an approved list of issues.

Victory Securities, an investment firm based in Hong Kong, revealed proposed fees to investors for Bitcoin and Ethereum ETFs following their adoption in the region.

Bitcoin and Ethereum ETF Fees and Approvals: Insights from Hong Kong

The Security and Future Commission (SFC) of Hong Kong has not published any detail relevant to Bitcoin and Ethereum ETF issues.

As soon as the SFC approves it, users of Victory Securities will face proposed fees for Ethereum and Bitcoin ETFs in the market. According to Wu Blockchain on April 20, the charge ranges between 0.5% and 1% of the overall transaction, with a minimum fee of $850.

The fees for investors who are selling and purchasing on the secondary market are 0.15% for online transactions, whereas for telephonic transactions they are 0.25%.

Source: WU Blockchain

The Security and Future Commission set the fees after comparing with the fees charged by United States asset managers, providing spot Bitcoin and Ethereum ETFs. The cost in the US is waived until different points this year; Franklin Templeton, an asset manager, set its price at 0.19%, while other ETFS charge between 0.20% and 0.90%. 

The Grayscale Bitcoin Trust (GBTC) charges a much higher fee of 1.5%. Cointelegraph reported on April 15, that Hong Kong became the latest country to approve spot ETFs for BTC and ETH.

Hong Kong units, along with three offshore Chinese asset managers, are planning to launch their spot ETFs soon.

Hong Kong local exchanges welcome this approval, along with many others in the crypto world, while others remain curious about this success in the region.

“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,” Eric Balchunas stated on April 17 on X