BTRN Fees and Costs — Global X Bitcoin Trend Strategy ETF
Data updated: 2026-09-29
The net expense ratio is 0.95%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $5K in broker commissions, 0.0970% of average net assets, and portfolio turnover was 76%.
BTRN Fees and Expenses
Annual operating expenses and sales charges of BTRN. Prospectus, as of March 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.95% |
| 12b-1 fee | 0.00% |
| 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 |
BTRN Costs Over Time
On $10,000 invested in BTRN, assuming 5% a year before costs, total costs come to $654 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 | $32 | $55 |
| Lost growth on money paid in costs | $0 | $17 | $60 |
| Total costs | $110 | $360 | $654 |
| Value after costs | $10,390 | $11,216 | $12,109 |
| Impact on return, per year | 1.10% | 1.10% | 1.10% |
BTRN 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): 0.0970%
- Total broker commissions: $5K
- Bought from dealers (principal trades, not a cost): $11.0M
- Portfolio turnover (prospectus): 76%
- Securities on loan, average value: $258K
- Net income from securities lending: $2K (0.046% of average net assets)
BTRN Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MACQUARIE CAPITAL | $3K | 68.21% |
| SUSQUEHANNA | $2K | 31.05% |
| VIRTU FINANCIAL BD LLC | $38 | 0.74% |
BTRN Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| TD SECURITIES (USA) INC. | $4.3M | 39.06% |
| WELLS FARGO | $4.1M | 37.40% |
| BARCLAY BANK PLC | $1.5M | 14.05% |
| MORGAN STANLEY & CO, INC | $843K | 7.69% |
| STONEX GROUP INC | $198K | 1.80% |
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.