What it includes
Starting value, years, one annual return assumption, and one annual product fee.
Editable model
Use the same return assumption for two fee levels and isolate the mathematical effect of the annual product charge. The output is an illustration, not a performance forecast.
The model compounds one annual return assumption and subtracts the stated annual product fee. It does not forecast Bitcoin.
Illustrative fee drag
No product fee
$10,000
Product A ending value
$9,812
Product B ending value
$9,753
This simplified model excludes brokerage costs, spread, premium/discount, taxes, tracking difference, and direct-Bitcoin custody costs. A lower stated fee does not automatically make a product suitable.
Starting value, years, one annual return assumption, and one annual product fee.
Spread, commissions, premium/discount, taxes, tracking difference, and custody costs.
Verify the current fee and prospectus on the issuer website before using any output.