Cryptocurrency Q&A
What is ProShares short bitcoin ETF (Biti) expense ratio?
What is ProShares short bitcoin ETF (Biti) expense ratio?
Elena
Fri Aug 30 2024
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7 answers
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Excuse me, I was wondering if you could clarify for me the expense ratio associated with the ProShares short Bitcoin ETF, known as Biti. As an investor considering adding this product to my portfolio, understanding the cost structure is crucial in making an informed decision. Could you please provide me with the current expense ratio for this ETF, and perhaps any insights on how it compares to similar products in the market?
7 answers
GyeongjuGloryDaysFestival
Sat Aug 31 2024
The ProShares Short Bitcoin ETF, known as BITI, carries an expense ratio of 0.97%. This ratio represents the annual cost of owning the fund, which is essential for investors to consider.
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KimonoGlory
Sat Aug 31 2024
These expenses are expressed as a percentage of the fund's assets, meaning they are directly proportional to the size of the fund.
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CryptoProphet
Sat Aug 31 2024
Consequently, the expense ratio can significantly impact the returns on an investor's investment. A higher expense ratio can reduce the overall profitability of the fund.
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Martina
Sat Aug 31 2024
The total annual fund operating expenses encompass various fees that the fund incurs during its operation. These include management fees, which cover the cost of managing the fund's portfolio.
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HallyuHeroine
Sat Aug 31 2024
Administration fees are also part of the total expenses, accounting for the operational costs of running the fund, such as record-keeping and reporting.
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