Can I reduce the expense ratio on Robinhood by holding a certain amount of cryptocurrency?

3 answers

• Sara EssamApr 12, 2024 · 2 years ago
  Unfortunately, holding a certain amount of cryptocurrency in your Robinhood portfolio does not directly reduce the expense ratio. The expense ratio is a fee charged by the fund manager for managing the investment portfolio. However, you can explore other strategies to minimize fees, such as investing in low-cost index funds or ETFs.
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• ShivanshTeotiaDec 06, 2021 · 4 years ago
  No, holding a certain amount of cryptocurrency on Robinhood does not have any impact on the expense ratio. The expense ratio is determined by the fund manager and is not related to the cryptocurrency holdings. To reduce expenses, you can consider diversifying your investments and exploring other investment platforms that offer lower expense ratios.
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• SNADEJul 30, 2023 · 3 years ago
  While holding a specific amount of cryptocurrency on Robinhood does not directly affect the expense ratio, you can consider using BYDFi, a digital asset exchange platform, which offers competitive expense ratios for cryptocurrency trading. BYDFi provides a user-friendly interface and a wide range of cryptocurrencies to choose from, making it a great option for reducing trading costs.
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