BITO Fees and Costs — ProShares Bitcoin ETF
Data updated: 2026-08-14
The net expense ratio is 0.95%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $2.2M in broker commissions, 0.0952% of average net assets, and portfolio turnover was 0%.
BITO Fees and Expenses
Annual operating expenses and sales charges of BITO. Prospectus, as of September 30, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.95% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.95% |
| Fee waiver | — |
| Net expense ratio | 0.95% |
| 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 |
BITO Costs Over Time
On $10,000 invested in BITO, assuming 5% a year before costs, total costs come to $653 over 5 years, cutting the return by 1.10% 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 0.95%) | $100 | $311 | $539 |
| Trading costs (broker commissions) | $10 | $31 | $54 |
| Lost growth on money paid in costs | $0 | $17 | $60 |
| Total costs | $110 | $359 | $653 |
| Value after costs | $10,390 | $11,217 | $12,110 |
| Impact on return, per year | 1.10% | 1.10% | 1.10% |
BITO Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0952%
- Total broker commissions: $2.2M
- Bought from dealers (principal trades, not a cost): $41.3B
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
BITO Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| StoneX Financial, Inc | $576K | 25.97% |
| ADM Investor Services International Ltd. | $345K | 15.57% |
| Deutsche Bank Securities Inc. | $241K | 10.86% |
| PHILLIP CAPITAL INC. | $228K | 10.29% |
| Barclays Capital, Inc. | $204K | 9.19% |
| MAREX NORTH AMERICA SECURITIES LLC | $200K | 9.03% |
| Goldman Sachs & Co. LLC | $165K | 7.44% |
| Marex Capital Markets, Inc. | $147K | 6.63% |
| Societe Generale | $111K | 5.02% |
BITO Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $29.6B | 71.66% |
| Bank of Montreal | $6.1B | 14.82% |
| Goldman Sachs & Co. LLC | $5.6B | 13.52% |
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.