What is the expense ratio of IBIT?

Could you please clarify the expense ratio associated with IBIT? As an investor, it's crucial to understand the operational costs of a fund or investment vehicle, and the expense ratio is a key indicator of that. Is the IBIT's expense ratio competitive within its industry? Are there any specific factors that contribute to this ratio, such as management fees or trading costs? Understanding these details will help me make an informed decision about investing in IBIT.