What is the expense ratio of the Galaxy Bitcoin ETF?

3 answers

• Nov 26, 2021 · 3 years ago
  The expense ratio of the Galaxy Bitcoin ETF refers to the percentage of the fund's assets that are used to cover the operating expenses. It includes management fees, administrative costs, and other expenses. This ratio is important for investors as it directly affects the overall return on investment. A lower expense ratio means more of the fund's returns go to the investors. It is advisable for investors to compare the expense ratios of different ETFs before making investment decisions to ensure they are getting the best value for their money.
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• Nov 26, 2021 · 3 years ago
  The expense ratio of the Galaxy Bitcoin ETF is an important factor to consider when investing in this fund. It represents the cost of managing the ETF and is expressed as a percentage of the fund's total assets. A higher expense ratio means that a larger portion of the fund's returns will be used to cover expenses, resulting in lower returns for investors. On the other hand, a lower expense ratio indicates that a higher percentage of the fund's returns will be passed on to investors. Therefore, it is generally recommended to choose ETFs with lower expense ratios to maximize potential returns.
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• Nov 26, 2021 · 3 years ago
  The expense ratio of the Galaxy Bitcoin ETF is 0.75%. This means that 0.75% of the fund's assets are used to cover the operating expenses. It is important to note that the expense ratio is subject to change and may vary over time. Investors should regularly review the expense ratio and other relevant information before making investment decisions. It is also worth mentioning that the Galaxy Bitcoin ETF is managed by BYDFi, a reputable digital currency exchange.
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