胜利证券公布香港比特币和以太坊ETF的费用结构

继比特币和以太坊现货交易所交易基金（ETF）在香港获得批准后，胜利证券披露了其费用结构。一级市场交易的费用为0.5%至1%，二级市场交易的费用为0.15%至0.25%。这与美国资产管理公司对类似产品实施的费用结构一致，例如富兰克林邓普顿对其现货比特币 ETF 收取 0.19% 的费用。香港正在成为亚洲潜在的加密货币投资中心，在三家 ETF 提供商获得证券及期货事务监察委员会 (SFC) 批准后，三家中国资产管理公司正准备推出其 ETF。

Victory Securities Unveils Fee Proposals for Bitcoin and Ethereum ETFs in Hong Kong

胜利证券公布香港比特币和以太坊ETF的收费建议

Hong Kong-based Victory Securities has released its fee structure for Bitcoin and Ethereum exchange-traded funds (ETFs), amidst anticipation surrounding the Securities and Futures Commission's (SFC) approval of these cryptocurrency products.

总部位于香港的胜利证券发布了比特币和以太坊交易所交易基金 (ETF) 的费用结构，因市场预期证券及期货事务监察委员会 (SFC) 会批准这些加密货币产品。

Fee Structure

费用结构

According to a report shared by blockchain reporter Colin Wu, fees for purchasing Bitcoin and Ethereum ETFs in the primary market range from 0.5% to 1% of the total transaction, with a baseline fee of $850. These fees apply equally to secondary market activities, albeit at lower rates - 0.15% for online and 0.25% for telephone transactions.

据区块链记者 Colin Wu 分享的一份报告显示，在一级市场购买比特币和以太坊 ETF 的费用在交易总额的 0.5% 到 1% 之间，基准费用为 850 美元。这些费用同样适用于二级市场活动，但费率较低 - 在线交易 0.15%，电话交易 0.25%。

Comparison with US Market

与美国市场比较

Victory Securities' fee structure aligns closely with those established by US asset managers for similar products. Franklin Templeton's spot Bitcoin ETF holds a lower fee of 0.19%, while others range between 0.20% and 0.90%. In contrast, the Grayscale Bitcoin Trust (GBTC) charges a higher fee of 1.5%.

胜利证券的收费结构与美国资产管理公司为类似产品制定的收费结构非常一致。富兰克林邓普顿的现货比特币 ETF 的费用较低，为 0.19%，而其他交易所的费用则在 0.20% 至 0.90% 之间。相比之下，灰度比特币信托（GBTC）收取的费用较高，为 1.5%。

Regulatory Landscape in Hong Kong

香港的监管环境

Hong Kong's regulatory environment for cryptocurrency investments has taken a significant step forward with the SFC's approval of spot ETFs for Bitcoin and Ether. This move follows the lead of the US market, where spot Bitcoin ETFs have attracted substantial investment.

随着证监会批准比特币和以太币现货 ETF，香港的加密货币投资监管环境向前迈出了重要一步。此举追随美国市场的脚步，现货比特币 ETF 吸引了大量投资。

Regional Impact

区域影响

Three offshore Chinese asset managers - Harvest Fund Management, Bosera Asset Management, and China Asset Management (ChinaAMC) - are poised to launch their Bitcoin and Ether ETFs, capitalizing on the SFC's recent approval of three ETF providers. ChinaAMC plans to use OSL Digital Securities as the custodian for its ETF. Harvest Global and Bosera International have also received regulatory approval but have not yet commenced their ETF offerings.

嘉实基金管理公司、博时基金管理公司和华夏基金管理公司（华夏基金）这三家离岸中国资产管理公司准备利用证监会最近批准的三家 ETF 提供商的机会，推出比特币和以太币 ETF。华夏基金计划使用 OSL Digital Securities 作为其 ETF 的托管人。 Harvest Global 和 Bosera International 也已获得监管部门的批准，但尚未开始发行 ETF。

China's Stance on Cryptocurrencies

中国对加密货币的立场

Despite the excitement in Hong Kong, the broader Chinese market maintains a restrictive stance towards cryptocurrency trading following a severe crackdown in 2021. Hong Kong, however, is positioning itself as a regulated cryptocurrency hub, aspiring to rival established financial centers such as Dubai and Singapore. The territory's strategy includes potentially opening the doors to mainland Chinese investors for cryptocurrency investments through these approved ETFs.

尽管香港令人兴奋，但在 2021 年严厉打击之后，更广泛的中国市场对加密货币交易保持了限制立场。然而，香港将自己定位为受监管的加密货币中心，渴望与迪拜和新加坡等成熟金融中心竞争。该地区的战略包括可能为中国大陆投资者通过这些批准的 ETF 进行加密货币投资敞开大门。

Global Significance

全球意义

The global financial community is observing Hong Kong's progressive approach in approving the first Ether ETF, despite the US Securities and Exchange Commission's hesitancy to approve a similar product. Asset managers and investors are adapting their strategies to align with these developments, aiming to leverage the opportunities presented by Hong Kong's evolving regulatory framework.

尽管美国证券交易委员会对批准类似产品犹豫不决，但全球金融界正在观察香港在批准首个以太坊 ETF 方面所采取的渐进做法。资产管理公司和投资者正在调整策略以适应这些发展，旨在利用香港不断发展的监管框架带来的机遇。

Impact on Crypto Market

对加密货币市场的影响

As the cryptocurrency market gains maturity, the introduction of ETFs in Hong Kong is predicted to attract traditional investors, providing them with a secure and regulated means of exposure to cryptocurrencies. With billions of dollars flowing into spot Bitcoin ETFs in the US, Hong Kong's market may experience a similar influx, potentially reshaping investments in the region.

随着加密货币市场日趋成熟，香港ETF的推出预计将吸引传统投资者，为他们提供安全且受监管的加密货币投资方式。随着数十亿美元流入美国现货比特币 ETF，香港市场可能会经历类似的流入，从而可能重塑该地区的投资。