News Report:
Victory Securities, a professional securities firm, has announced on its official website that it has become one of the first participating securities firms in Hong Kong to accept physical asset subscription for Bitcoin and Ethereum spot ETFs. Apart from cash subscription, clients can also subscribe through depositing physical assets into Victory Securities’ wallet. Victory Securities stated that the virtual currency spot ETF involves the action of repurchasing VA for trading, and subscribing through Victory Securities for physical assets can greatly shorten the transaction processing time between securities firms and banks. Moreover, the deadline for trading physical assets is longer than that for cash, giving clients a time advantage when subscribing with physical assets.