BLOX Fees and Costs — Nicholas Crypto Income ETF
Data updated: 2026-09-28
The net expense ratio is 0.99%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $195K in broker commissions, 0.3506% of average net assets, and portfolio turnover was 100%.
BLOX Fees and Expenses
Annual operating expenses and sales charges of BLOX. Prospectus, as of February 27, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.99% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.99% |
| Fee waiver | — |
| Net expense ratio | 0.99% |
| 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 |
BLOX Costs Over Time
On $10,000 invested in BLOX, assuming 5% a year before costs, total costs come to $833 over 5 years, cutting the return by 1.41% 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 0.99%) | $104 | $323 | $558 |
| Trading costs (broker commissions) | $37 | $114 | $198 |
| Lost growth on money paid in costs | $0 | $22 | $77 |
| Total costs | $141 | $459 | $833 |
| Value after costs | $10,359 | $11,117 | $11,930 |
| Impact on return, per year | 1.41% | 1.41% | 1.41% |
BLOX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.3506%
- Total broker commissions: $195K
- Bought from dealers (principal trades, not a cost): $4.5M
- Portfolio turnover (prospectus): 100%
- Securities lending: none during the year
BLOX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JANE STREET EXECUTION SERVICES LLC | $61K | 31.49% |
| STONEX FINANCIAL INC. | $61K | 31.18% |
| SIGMA FINANCIAL CORPORATION | $33K | 16.76% |
| OLD MISSION MARKETS LLC | $16K | 8.16% |
| IMC-CHICAGO LLC | $12K | 6.21% |
| CITADEL SECURITIES LLC | $10K | 5.14% |
| PERSHING LLC | $2K | 1.06% |
BLOX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CITADEL SECURITIES LLC | $3.9M | 87.13% |
| STONEX FINANCIAL INC. | $573K | 12.87% |
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.