Simplify launches Simplify Bitcoin Strategy PLUS Income ETF

Exchange traded funds provider Simplify Asset Management rolled out Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ: MAXI).

Simplify said MAXI is the first ETF designed to provide investors not only with exposure to bitcoin but also with the potential to generate income by selling short-dated put or call spreads on the most liquid global equity indices.

The fund targets 100% exposure to bitcoin by investing in the front-month CME futures contract. On the income side, an option-writing algorithm dynamically selects option type, underlier, and strikes in an attempt to generate attractive risk-adjusted returns.

The fund is the second bitcoin-related offering in the Simplify ETF lineup. It joins 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).