The fee, known as the expense ratio, is used to cover costs like custodial services, marketing and even salaries. According to research by Morningstar, the average fee for open-end mutual funds and exchange-traded funds was 0.37% in 2022, a lot lower than 20 years ago, for example, when it was 0.91%.
Fees, or Expense Ratios, Will Help Differentiate Spot BTC ETFs
