TechFlow reports that Victory Securities has announced on its official website becoming the only participating broker in Hong Kong's首批 Bitcoin and Ethereum spot ETFs to accept in-kind subscriptions. In addition to cash subscriptions, customers can now deposit cryptocurrencies directly into Victory Securities' wallet for ETF subscriptions. Victory Securities explained that spot cryptocurrency ETFs involve repurchasing VAs for trading, and using their platform for in-kind subscriptions significantly shortens transaction processing time between banks and brokers. Moreover, the cutoff time for in-kind transactions is longer than for cash, giving customers a time advantage when subscribing with in-kind assets.
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