Simplify Exchange Traded Funds Simplify Bitcoin Strategy ETF (MAXI) Stock News

Simplify Asset Management has launched the Simplify Bitcoin Strategy PLUS Income ETF (MAXI), a novel fund designed to offer exposure to bitcoin while generating income. MAXI targets 100% exposure to bitcoin through front-month CME futures contracts and employs a sophisticated algorithm to sell short-dated puts and calls on liquid global equity indices. This fund aims to enhance risk-adjusted returns while managing potential downsides during bitcoin drawdowns. With an expense ratio of 0.97%, MAXI is listed on Nasdaq and represents Simplify's second bitcoin-related ETF.