Cryptocurrency Q&A
What is the expense ratio of ProShares bitcoin ETF (Bito)?
What is the expense ratio of ProShares bitcoin ETF (Bito)?
Tommaso
Thu Aug 29 2024
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6 answers
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Excuse me, could you please clarify what the expense ratio is for the ProShares Bitcoin ETF, commonly known as Bito? I'm quite interested in investing in this particular ETF and understanding the associated costs is crucial for me to make an informed decision. I understand that the expense ratio is a key factor in determining the overall cost of owning an ETF, so I'd appreciate it if you could provide me with the specific number for Bito. Thank you in advance for your help.
6 answers
NavigatorEcho
Fri Aug 30 2024
The ProShares Bitcoin Strategy ETF (BITO) boasts an expense ratio of 0.95%, reflecting the cost efficiency of managing this innovative investment vehicle.
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IncheonBeautyBloomingRadiance
Fri Aug 30 2024
Additionally, the administration fee accounts for the operational costs of running the fund, such as record-keeping, accounting, and regulatory compliance.
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Carlo
Fri Aug 30 2024
In contrast, the ProShares Short Bitcoin ETF (BITI) carries a slightly higher expense ratio of 0.97%, likely due to the added complexity of implementing short positions in the highly volatile Bitcoin market.
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Matteo
Fri Aug 30 2024
BTCC, a leading cryptocurrency exchange, offers a comprehensive suite of services that cater to the diverse needs of investors. Its offerings include spot trading, enabling users to buy and sell cryptocurrencies at current market prices.
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ZenMindfulness
Fri Aug 30 2024
These expense ratios encompass the total annual fund operating expenses, which are critical considerations for investors evaluating the long-term viability of their investment.
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