ETF management fees will range from 0.30% to 0.99%.
by one of the issuers, ChinaAMC, its spot Bitcoin and Ether ETFs will track the performance of the Chicago Mercantile Exchange’s crypto indexes. Redemptions will be available in both fiat money and crypto funds. In addition, ChinaAMC’s crypto ETFs will be denominated in three currencies: the U.S. dollar, Hong Kong dollar, and Chinese yuan. Investment asset manager BOCI-Prudential and crypto exchange OSL will act as the custodians for the ETFs.
The aforementioned two firms will also custody spot Bitcoin and Ether ETF assets for issuer Harvest Global. BOCI and OSL"effectively solves problems such as excessive margin requirements, price premiums caused by missing short positions, and roll losses, thereby more accurately reflecting the real-time value of Bitcoin and Ethereum,”
Meanwhile, Hong Kong-based HashKey Capital will jointly launch its spot Bitcoin and Ether ETFs with Bosera Asset Management. Regarding the future of the crypto ETFs, its staff "The approval of the virtual asset spot ETF and the innovative introduction of a currency-holding subscription mechanism are expected to further promote the development of the virtual asset market in Hong Kong and even Asia., attracting more global capital inflows."that Hong Kong Bitcoin ETF management fees will range from 0.3% to 0.99%. This is much higher than U.S.
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