How does C1 Fund’s expense ratio and fee structure compare to other closed‑end funds focused on digital assets?

Answer

Based on the Business Wire release you supplied, the announcement about C1 Fund Inc. (ticker CFND) focuses exclusively on the successful closing of its initial public offering—​6 million shares at $10.00 each—and on the Fund’s investment mandate (investing in leading digital‑asset services and technology companies).

The release does not contain any details about the Fund’s expense ratio, management fee, distribution‑share‑adjusted expense ratio, or other cost components that are normally disclosed in a prospectus or in a “fees & expenses” table. Consequently, with the information provided we cannot make a direct, data‑driven comparison of C1 Fund’s fee structure to that of other closed‑end funds (CEFs) that also target digital‑asset or cryptocurrency‑related securities.

Below is a structured outline of what would be required to answer the question definitively, followed by a brief contextual comparison using publicly available data from comparable CEFs (as of the latest filings) to illustrate what such a comparison would look like—but note that these figures are outside the scope of the supplied news article.

1. What’s Missing from the News Release?

Because none of these items appear in the excerpt, we have no basis for a quantitative or even qualitative comparison.

2. How a Comparison Would Be Structured (If Data Were Available)

If C1 Fund disclosed its fee schedule, a comprehensive comparison would involve:

The analyst would then comment on whether C1 Fund’s costs are above, at, or below the industry median for digital‑asset‑focused CEFs, and discuss the impact of any leverage or performance‑fee structures on net returns.

3. Typical Fee Landscape for Digital‑Asset Closed‑End Funds (Illustrative)

Below is a snapshot of fee structures from a few existing digital‑asset‑oriented CEFs (sourced from their most recent prospectuses, not from the C1 Fund announcement). This is provided solely to illustrate the range you would compare against, should C1 Fund’s numbers become available.

Key take‑aways from the above sample:

• Management fees for digital‑asset CEFs typically range from 1.0 % to 2.0 %, with some lower‑cost ETFs below 1 %.
• Total expense ratios (including all ancillary costs) usually sit between 1.5 % and 2.1 % for the pure‑play CEFs; ETFs are generally cheaper.
• A few funds employ leverage, which adds borrowing costs (often an additional 0.5–1.0 % of assets) and can push the effective TER higher.
• Performance or incentive fees are rare in this niche, though some actively managed funds may embed them.

If C1 Fund’s prospectus later reveals, for example, a 1.20 % management fee and a 0.10 % administrative fee, its TER of ~1.30 % would place it near the low‑end of the current CEF fee spectrum, making it comparatively cost‑efficient. Conversely, a TER above 2 % would be above average, potentially requiring higher expected net returns to justify the expense.

4. Bottom‑Line Recommendation

• From the information in the provided Business Wire release, we cannot ascertain C1 Fund’s expense ratio or fee structure.
  
• To perform a meaningful comparison, you will need to consult the fund’s prospectus, Form N‑2 filing (for closed‑end funds), or the “Fees & Expenses” section on the fund’s website. Those documents will list the management fee, administrative expenses, any performance fees, and the total expense ratio (both gross and distribution‑share‑adjusted).
  
• Once those figures are available, you can benchmark C1 Fund against the typical 1.5 %–2.0 % TER range shown above for peer digital‑asset CEFs.

In short: the news article does not contain the data required for a direct comparison, so the next step is to locate the official fee disclosures for C1 Fund and then juxtapose them with the industry norms outlined here.