In a move to increase accessibility to Hong Kong Spot ETFs, Alchemy Pay has announced a collaboration with Victory Services . This partnership will enable investors to access Bitcoin and Ethereum Spot ETFs through the platform. Victory Services, a leading firm in Singapore, offers trading and advisory services to investors and has recently launched its virtual asset trading app, VictoryX .

The collaboration between Alchemy Pay and Victory Services aims to enhance user experience by improving interoperability. Alchemy Pay has been working towards this goal through various partnerships, including one with Polyhedra Network in March. This latest collaboration will allow Alchemy Pay to focus on improving accessibility to HK Spot ETFs, which were approved by the SFC in April.

The Hong Kong Bitcoin and Ethereum Spot ETFs, launched in April, were the first Asian ETFs to debut in the market. Despite initial struggles and outflows, the ETFs have seen a net inflow of 67.85 BTC on May 14, with Ether Spot ETFs remaining neutral.

Overall, the partnership between Alchemy Pay and Victory Services is expected to increase accessibility to HK Spot ETFs, providing investors with more options and flexibility in the market. With the growing attention on Spot ETFs, this collaboration is timely and significant, and its impact will be closely watched by market participants.