Victory Securities, a Hong Kong investment firm, discloses fees for Bitcoin and Ether ETFs.

Victory Securities, an investment firm based in Hong Kong, has revealed its proposed fees for Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) following the recent approval of cryptocurrency ETF products in the region. The Hong Kong Securities and Futures Commission (SFC) has not yet published the list of approved ETF issuers, but if the proposal is approved, Victory Securities’ customers will face fees ranging from 0.5% to 1% of the total transaction, with a minimum fee of $850 for Ethereum and Bitcoin ETF shares in the primary market. For secondary market transactions, the fees will be 0.15% for online transactions and 0.25% for telephone transactions. These fees are similar to those offered by US asset managers for spot Bitcoin ETFs, with asset manager Franklin Templeton setting its fee at 0.19% and other ETFs ranging from 0.20% to 0.90%. The Grayscale Bitcoin Trust imposes a higher fee at 1.5%. Hong Kong recently approved spot ETFs for Bitcoin and Ether, with several offshore Chinese asset managers planning to launch their own ETFs soon. However, some experts have expressed skepticism about the success of these ETFs in the region, as mainland China investors are unable to purchase virtual assets.