Simplify Launches Innovative ETF Combining Income Generation With Bitcoin
Simplify Asset Management (Simplify) , an innovative provider of Exchange Traded Funds (ETFs), is today announcing the launch of its newest fund, the Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ: MAXI) .
- Simplify Asset Management (Simplify) , an innovative provider of Exchange Traded Funds (ETFs), is today announcing the launch of its newest fund, the Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ: MAXI) .
- The Fund is the second bitcoin-related offering in the fast-growing Simplify ETF lineup, joining the Simplify US Equity PLUS GBTC ETF (SPBC) , which targets a 100% investment in US equities with a simultaneous 10% exposure to bitcoin via the Grayscale Bitcoin Trust (GBTC).
- Other recent additions to the Simplify fund family include the Simplify Macro Strategy ETF (FIG) , actively managed by well-known portfolio manager Michael Green; the Simplify Managed Futures Strategy ETF (CTA) ; and the Simplify Interest Rate Hedge ETF (PFIX) , one of the best performing ETFs in any category as of the end of Q3 2022.
- As a result, any incorrectly executed bitcoin transactions could adversely affect the value of the Fund's investment in Bitcoin futures.