Bitcoin/Ether ETFs To Begin Trading on HK Spot Markets with Competitive Fee Structures.
Eric Balchunas has confirmed that Hong Kong has greenlit Bitcoin and Ether ETFs for spot trading, starting on April 30th. The ETFs' fees are competitively set at 30bps, 60bps, and 99bps, which is lower than anticipated - a positive development.
This signals a potential price war among Hong Kong's Bitcoin and Ethereum ETFs. Harvest, a leading competitor, has the edge with a full fee waiver and the lowest fee at 0.3% after the waiver.
Considering the tables provided by his colleagues, Rebecca Sin and the Trinian analyst, this could mark the beginning of a significant shift in Hong Kong's cryptocurrency market, with potential ripple effects on global cryptocurrency trading.