AETH Fees and Costs — Bitwise Trendwise Ethereum and Treasuries Rotation Strategy ETF
Data updated: 2026-08-24
The net expense ratio is 0.89% (1.08% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $15K in broker commissions, 0.1805% of average net assets, and portfolio turnover was 0%.
AETH Fees and Expenses
Annual operating expenses and sales charges of AETH. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.19% |
| Gross expense ratio | 1.08% |
| Fee waiver | −0.19% |
| Net expense ratio | 0.89% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
AETH Costs Over Time
On $10,000 invested in AETH, assuming 5% a year before costs, total costs come to $669 over 5 years, cutting the return by 1.12% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.89%) | $93 | $291 | $505 |
| Trading costs (broker commissions) | $19 | $59 | $102 |
| Lost growth on money paid in costs | $0 | $17 | $61 |
| Total costs | $112 | $368 | $669 |
| Value after costs | $10,388 | $11,208 | $12,094 |
| Impact on return, per year | 1.12% | 1.12% | 1.12% |
AETH Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.1805%
- Total broker commissions: $15K
- Bought from dealers (principal trades, not a cost): $259.5M
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
AETH Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MAREX CAPITAL MARKETS INC. | $14K | 95.77% |
| Jane Street Execution Services, LLC | $620 | 4.23% |
AETH Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNY MELLON CAPITAL MARKETS, LLC | $256.9M | 99.02% |
| STONEX FINANCIAL INC. | $2.5M | 0.98% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.