C000226945 Fees and Costs — Bitwise Crypto Industry Innovators ETF
Data updated: 2025-11-28
The net expense ratio is 0.85%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $134K in broker commissions, 0.0859% of average net assets, and portfolio turnover was 58%.
C000226945 Fees and Expenses
Annual operating expenses and sales charges of C000226945. Prospectus, as of March 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.85% |
| Fee waiver | — |
| Net expense ratio | 0.85% |
| 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 |
C000226945 Costs Over Time
On $10,000 invested in C000226945, assuming 5% a year before costs, total costs come to $586 over 5 years, cutting the return by 0.98% 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 0.85%) | $89 | $279 | $484 |
| Trading costs (broker commissions) | $9 | $28 | $49 |
| Lost growth on money paid in costs | $0 | $15 | $54 |
| Total costs | $98 | $322 | $586 |
| Value after costs | $10,402 | $11,254 | $12,177 |
| Impact on return, per year | 0.98% | 0.98% | 0.98% |
C000226945 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0859%
- Total broker commissions: $134K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 58%
- Securities on loan, average value: $34.3M
- Net income from securities lending: $627K (0.402% of average net assets)
C000226945 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| VIRTU FINANCIAL BD LLC | $130K | 97.16% |
| BTIG LLC | $3K | 2.02% |
| MISCHLER FINANCIAL | $1K | 0.82% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.