2 years ago
Michael Bellusci is CoinDesk's crypto payments reporter.
Simplify Asset Management has submitted paperwork to the Securities and Exchange Commission (SEC) for its Simplify Bitcoin Strategy Risk-Managed Income ETF, with ticker sanction “MAXI.”
As with different SEC-approved Bitcoin ETFs, this money volition clasp Bitcoin futures, alternatively than the crypto itself. In addition, Simplify intends to furniture connected an income strategy and an options overlay strategy.
For the income strategy, the money volition clasp short-dated U.S. Treasury paper, and ETFs that mostly put successful Treasurys. For the options strategy, MAXI volition merchantability (write) telephone options and bargain enactment options connected Bitcoin futures oregon related ETFs.
The fund’s absorption interest volition beryllium 0.85%.
In January, Simplify filed to launch the Simplify Volt Web 3 ETF, aimed astatine tracking Web 3 companies that are expected to payment from exertion infrastructure.
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Michael Bellusci is CoinDesk's crypto payments reporter.
Michael Bellusci is CoinDesk's crypto payments reporter.
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