Ferdinand Edvard Ring was responsible for the statue of the Roman goddess of victory, Victoria, and for the reliefs, while Carl Brummer undertook the monument's architectural design.
On 4 October 1710, the ship of the line HDMS Dannebroge, which Huitfeldt commanded, was set on fire during an encounter with the Swedes.
The monument consists of a marble column placed on a tall granite base and topped by a statue of Victoria.
Four bronze reliefs on the base of the monument, one on each side, feature Huitfeldt's portrait, his coat of arms, his ship and a short text.
The initial plans for a Huitfeldt memorial called for a much smaller monument, a sort of cairn, but after the intervention of Carlsberg brewer Carl Jacobsen who had already sponsored several monuments in Copenhagen, including a statue of Admiral Niels Juel next to the National Bank, it was decided to launch a design competition.