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Simplify Bitcoin Strategy PLUS Income ETF

MAXI·NASDAQ
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Key Stats

Assets Under Management
34.21MUSD
Fund Flow (1Y)
21.46MUSD
Dividend Yield
27.18%
Discount / Premium to NAV
0.03%
Shares Outstanding
2.59M
Expense Ratio
1.31%

About Simplify Bitcoin Strategy PLUS Income ETF

Issuer
Simplify Asset Management Inc.
Brand
Simplify
Inception Date
Sep 29, 2022
Structure
Open-Ended Fund
ISIN
US82889N6739
CFI Code
CEOILS
Index Tracked
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Replication Strategy
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Management Style
Active
Dividend Treatment
Distributes
Distribution Tax Treatment
Ordinary income
Income Tax Type
Capital Gains
Max ST Capital Gains Rate
39.60%
Max LT Capital Gains Rate
20.00%
Primary Advisor
Simplify Asset Management, Inc.
Distributor
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MAXI pursues three distinct strategies: long exposure to Bitcoin futures, collateral management via short-term debt securities, and income generation through active option overlay strategies. The fund's adviser allocates the total economic value of Bitcoin exposure to be 100% of the fund's net assets. A Cayman Island subsidiary is used to hold Bitcoin futures. High-quality, short-term US Treasury securities, or similar ETF exposure, serves as collateral for the futures positions. Reverse repurchase agreements may be entered into to potentially increase income. In addition, up to 20% of the fund's assets will be used in option overlay strategies. The core of the option strategies consists of writing exchange-traded put and call option spreads on securities, index futures, or ETFs that the fund's adviser believes to be sufficiently correlated to Bitcoin futures. Generally, the option spreads selected are close to expiration and positions are actively traded.

Classification

Asset Class
Currency
Category
Pair
Focus
Long BTC, Short USD
Niche
Derivative
Strategy
Active
Geography
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Weighting Scheme
Proprietary
Selection Criteria
Proprietary

Analysis

Asset

Holdings

Symbol

Ratio

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CME Bitcoin Fut Sep26

56.47%
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IBIT

iShares Bitcoin Trust ETF
47.67%
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B 10/27/26 Govt

26.19%
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B 11/19/26 Govt

11.61%
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Cash

6.07%

Symbol

Ratio

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IBIT US 09/18/26 C40 Equity

3.96%
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IBIT US 10/16/26 C40 Equity

2.13%
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IBIT US 10/16/26 C41 Equity

1.47%
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IBIT US 09/11/26 C42 Equity

0.57%
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IBIT US 11/20/26 C50 Equity

0.39%

Top 10 Weight 156.53%

15 Total Holdings

See all holdings

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