Cryptocurrency Q&A
What is the expense ratio of IBIT?
What is the expense ratio of IBIT?
Leonardo
Thu Sep 05 2024
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7 answers
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Could you please clarify the expense ratio associated with IBIT? As an investor, it's crucial to understand the operational costs of a fund or investment vehicle, and the expense ratio is a key indicator of that. Is the IBIT's expense ratio competitive within its industry? Are there any specific factors that contribute to this ratio, such as management fees or trading costs? Understanding these details will help me make an informed decision about investing in IBIT.
7 answers
Caterina
Sat Sep 07 2024
BTCC also offers a wallet service, which allows users to safely store their cryptocurrencies. The wallet is designed with security in mind, ensuring that users' digital assets are protected from theft and unauthorized access.
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DigitalDukedom
Sat Sep 07 2024
The reduced net expense ratio of 0.12% equates to a fee of just $12 on a $10,000 investment. This lower cost offers investors a more attractive option, as they can enjoy the benefits of the ETF while paying less in fees.
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CryptoQueen
Sat Sep 07 2024
Cryptocurrency exchanges play a crucial role in the digital asset market, facilitating the buying and selling of cryptocurrencies. Among the top exchanges, BTCC stands out for its comprehensive services.
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DaeguDivaDanceQueenElegance
Sat Sep 07 2024
BTCC offers a range of services to cater to the diverse needs of cryptocurrency traders and investors. Its services include spot trading, allowing users to buy and sell cryptocurrencies at current market prices.
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CryptoWizard
Sat Sep 07 2024
The IBIT ETF has a gross expense ratio of 0.25%, translating to a $25 fee on a $10,000 investment. This ratio signifies the total cost of managing and operating the ETF.
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