The real cost of a bitcoin ETF: expense ratios, tracking error, and what holders actually keep
An analysis compares the costs of 11 U.S. spot bitcoin ETFs, including expense ratios, tracking errors, and tax implications. Fees range from 0.19% to 1.50%, with Grayscale's GBTC being the most expensive. Over 10 years, fees and tracking errors can significantly reduce returns, especially for higher-fee funds. The analysis highlights that the cheapest ETF by expense ratio isn't always the cheapest in total cost.




