The Simplify Bitcoin Strategy PLUS Income ETF (MAXI) is an exchange-traded fund designed to combine Bitcoin exposure with income generation through options strategies. The ETF is managed by Simplify Asset Management and trades under the ticker MAXI on the NYSE Arca.

Classified as a cryptocurrency income ETF, the fund primarily invests in spot Bitcoin ETFs and uses options on those holdings to generate additional income. Its strategy seeks to provide participation in Bitcoin's performance while producing recurring cash flow through option premiums.

The ETF follows an active management approach, combining Bitcoin exposure with systematic options strategies designed to balance capital appreciation potential and income generation.

Diversification and sector exposure

MAXI provides exposure primarily associated with:

• Bitcoin.

• Spot Bitcoin ETFs.

• Cryptocurrencies.

• Digital assets.

• Blockchain.

• Options strategies.

• Income generation.

• Active management.

The portfolio is concentrated in Bitcoin-related investments, using spot Bitcoin ETFs as its primary source of exposure while employing options to enhance income.

The ETF's performance reflects both the movement of the Bitcoin market and the results of its options strategy, which may reduce participation during periods of significant upside in Bitcoin prices.

Structure and costs

MAXI shares trade on the secondary market on the NYSE Arca during regular trading hours. Share creation and redemption occur through authorized participants, a mechanism intended to help align the ETF's market price with its net asset value (NAV).

The fund uses spot Bitcoin ETFs, options contracts, and short-term financial instruments to implement its investment and income-generation strategy. The ETF charges a management fee as outlined in its prospectus and does not apply a performance fee.

History and evolution of the ETF

The Simplify Bitcoin Strategy PLUS Income ETF was launched in 2024 to provide investors with a strategy combining Bitcoin exposure and options-based income generation. Since inception, the fund has become part of Simplify's lineup of actively managed ETFs focused on producing recurring cash flow through innovative portfolio strategies.

In recent years, the approval of spot Bitcoin ETFs in the United States, growing institutional adoption of digital assets, and increasing demand for cryptocurrency income strategies have contributed to the expansion of products in this category.

Additional Information

Simplify Bitcoin Strategy PLUS Income ETF (United States) is an exchange-traded fund (ETF), with assets under management totaling $24.53 million.

Over the past 12 months, Simplify Bitcoin Strategy PLUS Income ETF recorded a return of -62.63%, with its price trading between $8.30 and $34.67 during the same period.

The ETF is traded under the ticker MAXI.