YBTC Fees and Costs — Roundhill Bitcoin Covered Call Strategy ETF
Data updated: 2026-08-26
The net expense ratio is 0.95%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $5.2M in broker commissions, 2.3731% of average net assets, and portfolio turnover was 0%.
YBTC Fees and Expenses
Annual operating expenses and sales charges of YBTC. Prospectus, as of May 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 |
YBTC Costs Over Time
On $10,000 invested in YBTC, assuming 5% a year before costs, total costs come to $1,984 over 5 years, cutting the return by 3.49% 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 | $304 | $514 |
| Trading costs (broker commissions) | $249 | $759 | $1,284 |
| Lost growth on money paid in costs | $0 | $53 | $186 |
| Total costs | $349 | $1,116 | $1,984 |
| Value after costs | $10,151 | $10,460 | $10,779 |
| Impact on return, per year | 3.49% | 3.49% | 3.49% |
YBTC 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): 2.3731%
- Total broker commissions: $5.2M
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
YBTC Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $3.1M | 59.98% |
| CF GLOBAL TRADING LLC | $2.1M | 40.02% |
| CANTOR FITZGERALD & CO. | $2 | 0.00% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.