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 Victory Securities’ proposal is approved, 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 buying and selling existing ETF shares on the secondary market, the fees will be 0.15% for online transactions and 0.25% for telephone transactions. These fees are similar to those set by US asset managers for spot Bitcoin ETFs, with Franklin Templeton setting its fee at 0.19% and other ETFs ranging between 0.20% and 0.90%. The Grayscale Bitcoin Trust (GBTC) has a higher fee of 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 industry experts remain skeptical about the success of ETFs in the region, as mainland China investors are not allowed to buy virtual assets.