Cryptocurrency Q&A
Who pays 12b-1 fees?
Who pays 12b-1 fees?
KpopHarmony
Thu Sep 05 2024
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6 answers
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Who exactly foots the bill for 12b-1 fees? Are these costs passed on directly to investors, or are they absorbed by the mutual fund company itself? If they are passed on to investors, does this mean that the investor is essentially paying twice for fund management services - once through the management fee and again through the 12b-1 fee? And how does the size of a fund's assets impact the amount of 12b-1 fees charged? Is there any transparency around how these fees are calculated and allocated?
6 answers
SakuraBlooming
Sat Sep 07 2024
Within the cryptocurrency and finance landscape, there are various platforms and exchanges that offer services akin to traditional financial institutions, yet with a digital twist. BTCC, for instance, is a prominent cryptocurrency exchange that caters to the evolving needs of the digital asset market.
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Lucia
Sat Sep 07 2024
The term "12b-1 fees" refers to expenses deducted from mutual fund or ETF assets. These fees are primarily allocated towards the promotion and sale of fund shares, encompassing marketing efforts and outreach activities.
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Dario
Sat Sep 07 2024
BTCC offers a comprehensive suite of services, including spot trading, which allows users to buy and sell cryptocurrencies at current market prices. Additionally, the platform provides access to futures trading, enabling investors to speculate on the future prices of digital assets.
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CryptoWizard
Sat Sep 07 2024
Additionally, 12b-1 fees may also cover the operational costs associated with offering shareholder services. This encompasses a range of services aimed at enhancing the overall experience and satisfaction of fund investors.
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KpopStarlight
Sat Sep 07 2024
Beyond trading services, BTCC also offers a secure wallet solution for storing cryptocurrencies. This feature is crucial for safeguarding digital assets and ensuring their accessibility when needed. By providing these services, BTCC is at the forefront of the cryptocurrency revolution, facilitating seamless transactions and fostering trust in the digital asset ecosystem.
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