NODE Fees and Costs — Onchain Economy ETF
Data updated: 2026-08-26
The net expense ratio is 0.67% (0.69% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $30K in broker commissions, 0.0955% of average net assets, and portfolio turnover was 81%.
NODE Fees and Expenses
Annual operating expenses and sales charges of NODE. Prospectus, as of May 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.69% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.69% |
| Fee waiver | −0.02% |
| Net expense ratio | 0.67% |
| 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 |
NODE Costs Over Time
On $10,000 invested in NODE, assuming 5% a year before costs, total costs come to $481 over 5 years, cutting the return by 0.80% 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 0.67%) | $70 | $220 | $383 |
| Trading costs (broker commissions) | $10 | $31 | $55 |
| Lost growth on money paid in costs | $0 | $12 | $44 |
| Total costs | $80 | $264 | $481 |
| Value after costs | $10,420 | $11,312 | $12,282 |
| Impact on return, per year | 0.80% | 0.80% | 0.80% |
NODE 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): 0.0955%
- Total broker commissions: $30K
- Bought from dealers (principal trades, not a cost): $57.3M
- Portfolio turnover (prospectus): 81%
- Securities on loan, average value: $3.9M
- Net income from securities lending: $27K (0.085% of average net assets)
NODE Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Cantor Fitzgerald & Co. | $8K | 29.05% |
| BNY Capital Markets, LLC | $5K | 19.13% |
| SG Americas Securities, LLC | $4K | 14.87% |
| Morgan Stanley & Co. LLC | $3K | 10.42% |
| Clear Street LLC | $2K | 6.34% |
| Macquarie Capital (USA) Inc. | $2K | 6.01% |
| Daiwa Capital Markets America Inc. | $2K | 5.39% |
| Deutsche Bank Securities Inc. | $998 | 3.48% |
| Axos Clearing LLC | $993 | 3.46% |
| Samsung Securities Co., Ltd. | $534 | 1.86% |
NODE Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Jane Street Capital, LLC | $42.7M | 74.62% |
| BofA Securities, Inc. | $6.6M | 11.52% |
| Goldman Sachs & Co. LLC | $4.6M | 8.04% |
| Jefferies LLC | $1.2M | 2.06% |
| Barclays Capital Inc. | $720K | 1.26% |
| Citigroup Global Markets Inc. | $631K | 1.10% |
| J.P. Morgan Securities LLC | $480K | 0.84% |
| Macquarie Capital (USA) Inc. | $187K | 0.33% |
| Morgan Stanley & Co. LLC | $79K | 0.14% |
| State Street Bank and Trust Company | $57K | 0.10% |
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.