Part 6/15:
- Cost and Fees: The expense ratios of ETFs vary based on management style—passive index ETFs tend to be low (e.g., 0.09%), while actively managed ETFs may cost more due to active trading.
Jeff stresses that high trading volumes and large authorized participants help keep ETF pricing aligned with the underlying assets, reducing premiums or discounts typical in products like the Grayscale Bitcoin Trust, which lack redemption features.