Alchemy Pay and Victory Securities Partner to Provide Hong Kong Investors Access to Bitcoin and Ethereum Spot ETFs
Alchemy Pay, a leading crypto payment solutions provider, has recently announced a collaboration with Victory Securities, an exchange-traded services company. This partnership aims to give investors in Hong Kong the opportunity to access Bitcoin and Ethereum spot ETFs, bridging the gap between traditional finance and the world of cryptocurrencies.
Alchemy Pay’s Strategic Alliance with Victory Securities
Alchemy Pay, renowned for its on-ramp solutions and crypto cards, has expressed a keen interest in the Hong Kong market in recent weeks. Through this new partnership, users can now leverage the VictoryX app to select their asset allocation preferences, including ETFs and futures contracts. Additionally, Victory Securities offers a range of services such as securities, corporate finance advising, and asset management.
- Victory Securities’ licensing by the Securities and Futures Commission (SFC) in Hong Kong enables access to Bitcoin spot ETFs
- The partnership serves as a connection between traditional finance and the burgeoning crypto market
The Attraction of ETFs in Hong Kong
Since the inception of ETFs in Hong Kong, major investors like Harvest Global, HashKey Capital, and Bosera Asset Management have shown interest. Although Hong Kong’s ETF performance is not on par with that of U.S. ETFs, there is significant potential for growth in the region. According to Coinglass data, Bitcoin ETFs in Hong Kong saw an influx of 60.52 BTC on May 14 after three consecutive days of outflows.
Growing Interest in Bitcoin ETFs in Hong Kong
Despite moderate performance, the demand for Bitcoin ETFs in Hong Kong is steadily increasing. Recently, Singapore-based MetaComp and asset manager Bosera International announced the integration of Bosera crypto ETFs in Hong Kong. Notable offerings include the Bosera HashKey Bitcoin ETF (BOS HSK BTC/3008.HK) and the Bosera HashKey Ethereum ETF (BOS HSK ETH/3009.HK).
- Companies like MetaComp and Bosera International are facilitating the integration of crypto ETFs in Hong Kong
- This move aims to provide investors with regulated access to the digital assets market
Insights from Industry Experts
“Crypto ETFs offer investors, regardless of their expertise level, a regulated avenue to enter the world of digital assets,” stated Evgeny Gaevoy, CEO of Wintermute.
By
By
By
By
By
By