YBIT Fees and Costs — YieldMax Bitcoin Option Income Strategy ETF
Data updated: 2026-09-28
The net expense ratio is 1.02%: a 0.99% management fee plus 0.03% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $1.5M in broker commissions, 1.2191% of average net assets, and portfolio turnover was 29%.
YBIT Fees and Expenses
Annual operating expenses and sales charges of YBIT. Prospectus, as of February 24, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.99% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.03% |
| Gross expense ratio | 1.02% |
| Fee waiver | — |
| Net expense ratio | 1.02% |
| 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 |
YBIT Costs Over Time
On $10,000 invested in YBIT, assuming 5% a year before costs, total costs come to $1,366 over 5 years, cutting the return by 2.35% 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 1.02%) | $107 | $330 | $565 |
| Trading costs (broker commissions) | $128 | $394 | $675 |
| Lost growth on money paid in costs | $0 | $36 | $127 |
| Total costs | $235 | $760 | $1,366 |
| Value after costs | $10,265 | $10,816 | $11,397 |
| Impact on return, per year | 2.35% | 2.35% | 2.35% |
YBIT 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): 1.2191%
- Total broker commissions: $1.5M
- Bought from dealers (principal trades, not a cost): $265.0M
- Portfolio turnover (prospectus): 29%
- Securities lending: none during the year
YBIT Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| STONEX FINANCIAL INC. | $1.0M | 69.30% |
| BTIG LLC | $352K | 23.85% |
| JANE STREET EXECUTION SERVICES LLC | $75K | 5.10% |
| CITADEL SECURITIES LLC | $21K | 1.44% |
| SUSQUEHANNA FINANCIAL GROUP LLLP | $5K | 0.31% |
| SIGMA FINANCIAL CORPORATION | $102 | 0.01% |
YBIT Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| U.S. BANCORP INVESTMENTS INC. | $213.4M | 80.52% |
| MORGAN STANLEY & CO. LLC | $39.3M | 14.81% |
| OPPENHEIMER & CO. INC. | $4.9M | 1.86% |
| RBC CAPITAL MARKETS LLC | $4.4M | 1.68% |
| J.P. MORGAN SECURITIES LLC | $3.0M | 1.13% |
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.