BCOR Fees and Costs — Grayscale Bitcoin Adopters ETF
Data updated: 2026-08-31
The net expense ratio is 0.59%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $1K in broker commissions, 0.0365% of average net assets, and portfolio turnover was 55%.
BCOR Fees and Expenses
Annual operating expenses and sales charges of BCOR. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.59% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.59% |
| Fee waiver | — |
| Net expense ratio | 0.59% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
BCOR Costs Over Time
On $10,000 invested in BCOR, assuming 5% a year before costs, total costs come to $395 over 5 years, cutting the return by 0.66% 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 0.59%) | $62 | $194 | $338 |
| Trading costs (broker commissions) | $4 | $12 | $21 |
| Lost growth on money paid in costs | $0 | $10 | $36 |
| Total costs | $66 | $216 | $395 |
| Value after costs | $10,434 | $11,360 | $12,368 |
| Impact on return, per year | 0.66% | 0.66% | 0.66% |
BCOR 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): 0.0365%
- Total broker commissions: $1K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 55%
- Securities on loan, average value: $44K
- Net income from securities lending: $90K (2.347% of average net assets)
BCOR Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MISCHLER FINANCIAL GROUP INC. | $378 | 26.94% |
| J.P. MORGAN SECURITIES LLC | $373 | 26.59% |
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $277 | 19.74% |
| BTIG LLC | $187 | 13.33% |
| MIRAE ASSET SECURITIES (USA) INC. | $167 | 11.90% |
| CLSA AMERICAS LLC | $18 | 1.28% |
| GTS SECURITIES LLC | $3 | 0.21% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.