ICOI Fees and Costs — Bitwise COIN Option Income Strategy ETF
Data updated: 2026-08-24
The net expense ratio is 0.96%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $69K in broker commissions, 0.3795% of average net assets, and portfolio turnover was 0%.
ICOI Fees and Expenses
Annual operating expenses and sales charges of ICOI. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.95% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.96% |
| Fee waiver | — |
| Net expense ratio | 0.96% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
ICOI Costs Over Time
On $10,000 invested in ICOI, assuming 5% a year before costs, total costs come to $832 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 0.96%) | $101 | $313 | $542 |
| Trading costs (broker commissions) | $40 | $124 | $214 |
| Lost growth on money paid in costs | $0 | $22 | $77 |
| Total costs | $141 | $459 | $832 |
| Value after costs | $10,359 | $11,117 | $11,931 |
| Impact on return, per year | 1.41% | 1.41% | 1.41% |
ICOI 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): 0.3795%
- Total broker commissions: $69K
- Bought from dealers (principal trades, not a cost): $2.5M
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
ICOI Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MAREX SPECTRON USA LLC | $22K | 32.27% |
| Jane Street Execution Services, LLC | $22K | 31.87% |
| MAREX CAPITAL MARKETS INC. | $14K | 20.25% |
| Guggenheim Securities, LLC | $10K | 14.45% |
| IMC FINANCIAL MARKETS | $795 | 1.16% |
| SUSQUEHANNA INVESTMENT GROUP | $3 | 0.00% |
ICOI Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNY MELLON CAPITAL MARKETS, LLC | $2.3M | 94.14% |
| MAREX SPECTRON USA LLC | $145K | 5.86% |
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.