Simplify Bitcoin Strategy ETF
Key Statistics
Historical Performance
Total return including reinvested distributions, from adjusted closing prices.
Price History
Price history is being compiled for this fund.
Top Holdings
Top 11 holdings as of Mar 31, 2026 · source: SEC N-PORT. Full holdings & prospectus →
About MAXI
Principal Investment Strategies: The Fund is an actively managed exchange-traded fund (an “ETF”). The Fund’s Adviser seeks to achieve the Fund’sinvestment objective by using three strategies: (1) a Bitcoin strategy, (2) an income strategy, and (3) an option overlay strategy. The Fund does not invest in Bitcoin directly. Bitcoin Strategy TheAdviser seeks capital gains through a Bitcoin strategy. Under normal market conditions, the Adviser selects investments in Bitcoin relatedinstruments so that the total value of economic Bitcoin exposure is approximately 50% to 200% of the net assets of the Fund. The Adviseruses a proprietary economic model to establish Bitcoin exposure along the 50% to 200% continuum. The proprietary model uses historicaldata to identify price and volatility trends and then predict current market behavior. The Adviser increases or decreases Bitcoin exposurebased on the direction of the trends. The Bitcoin related instruments in which the Fund invests are Bitcoin futures, exchange-tradedproducts with direct exposure to Bitcoin (“Bitcoin ETPs”), exchange-traded funds with indirect exposure to Bitcoin primarilythrough Bitcoin futures, options, or other derivative instruments (“Bitcoin ETFs”), and options and swaps linked to BitcoinETFs and Bitcoin ETPs as well as swaps and options on Bitcoin. The Adviser selects the instrument or instruments it believes presentsthe most economically efficient means to capture Bitcoin returns. The Adviser may reallocate among instruments when one becomes moreeconomically efficient. BitcoinFutures and Swaps Bitcoinfutures are intended to track, although not lockstep, the price of Bitcoin. The Fund only invests in standardized, cash-settled Bitcoinfutures contracts traded on commodity exchanges registered with the Commodity Futures Trading Commission. As of the date of this prospectus,only regulated U.S. exchanges have such contracts. The value of Bitcoin futures is determined by reference to the underlying referenceasset (the spot price of Bitcoin as measured by the relevant futures exchange, which is based on a survey of major spot Bitcoin exchanges).The Adviser invests primarily in front-month Bitcoin futures. Front-month Bitcoin futures contracts are those contracts with the shortesttime to maturity. TheFund may also gain exposure to Bitcoin by entering into swap agreements that use Bitcoin, a Bitcoin ETF or Bitcoin ETP as the referenceasset. A swap agreement is a two-party contract entered into primarily by institutional investors for periods ranging from a day to morethan one year. In a standard “swap” transaction, two parties agree to exchange the returns (or differentials in rates ofreturn) earned or realized on particular predetermined investments or instruments. The swap agreements entered into by the Fund may provideexposure to a single Bitcoin ETF and/or Bitcoin ETP, multiple Bitcoin ETPs and/or Bitcoin ETFs, or solely to Bitcoin. The particularBitcoin ETF or Bitcoin ETP used as the reference asset for one or more of the Fund’s swap agreements may change at any time basedon a variety of factors, including market conditions, counterparty terms, and the liquidity, performance, and fees of those Bitcoin ETFsand Bitcoin ETPs. BitcoinETPs and Bitcoin ETFs BitcoinETPs are investment vehicles that track the price of Bitcoin by directly holding actual Bitcoin (called “spot”) as theirunderlying asset while Bitcoin ETFs primarily invest in Bitcoin futures, options, swaps, or other derivative instruments to gain exposureto Bitcoin. The Bitcoin ETPs and Bitcoin ETFs trade on a U.S.-regulated securities exchange. Unlike Bitcoin ETFs, Bitcoin ETPs are notregistered as investment companies under the Investment Company Act of 1940, as amended (the “1940 Act”). The Adviser selectsspecific Bitcoin ETPs and Bitcoin ETFs that it believes offer sufficient liquidity and relatively low expenses. Optionson Bitcoin, Bitcoin Futures, Bitcoin ETFs and Bitcoin ETPs Ineffectuating the Fund’s Bitcoin strategy, the Fund may purchase call options contracts that utilize Bitcoin, Bitcoin futures, aBitcoin ETF or Bitcoin ETP as the reference asset. To implement the Bitcoin options strategy, the Fund invests in over-the-counter optionson Bitcoin and traditional exchange-traded options on Bitcoin futures, Bitcoin ETFs, Bitcoin ETPs, or an index of Bitcoin ETPs and/orFLexible EXchange® options (“FLEX Options”) that utilize a Bitcoin ETF or Bitcoin ETP as the reference asset. The Fundwill close out over-the-counter options on Bitcoin prior to expiration so that it does not take delivery of Bitcoin. The Fund expectsto primarily invest in options contracts that are listed, traded and cleared on regulated U.S. exchanges. Traditional exchange-tradedoptions have standardized terms, such as the type (call or put), the reference asset, the strike price and expiration date. Exchange-listedoptions contracts are guaranteed for settlement by the Options Clearing Corporation (“OCC”). FLEX Options are a type of exchange-listedoptions contract with uniquely customizable terms that allow investors to customize key terms like type, strike price and expirationdate that are standardized in a typical options contract. FLEX Options are also guaranteed for settlement by the OCC. TheFund is deemed to be concentrated because it invests more than 25% of its net assets in investments that provide exposure to Bitcoinand/or Bitcoin futures contracts. Bitcoinand Bitcoin Blockchain Bitcoinis a digital asset that operates on a decentralized network using blockchain technology to facilitate secure and anonymous transactions.Bitcoin represents a digital asset that functions as a medium of exchange (although it is not widely used in this manner at present)utilizing cryptographic protocols to secure transactional processes, control the creation of additional units, and verify the transferof assets. Its operation on a decentralized blockchain network ensures both transparency and immutability of records, without the needfor a central authority. This innovative technology underpinning Bitcoin allows for peer-to-peer transactions and provides a frameworkfor digital scarcity. TheBitcoin blockchain constitutes a decentralized, digital ledger technology that chronologically and publicly records all Bitcoin transactions.This technology is characterized by its use of blocks, which are structurally linked in a chain through cryptographic hashes. Each blockcontains a list of transactions that, once verified and added to the blockchain through a consensus process known as proof of work, becomeextremely difficult to reverse and tamper with. The integrity, transparency, and security of the transactional data are maintained autonomouslywithin the Bitcoin network, eliminating the necessity for central oversight and facilitating trust in a peer-to-peer system. IncomeStrategy TheAdviser seeks to generate income through an income strategy focused on high-quality short-term debt instruments: U.S. Treasury securities,U.S. Treasury Inflation-Protected Securities (“TIPS”), and fixed-income ETFs that invest primarily in U.S. Treasury securities.A portion of these securities serve as collateral for the Fund’s futures, options, and swap positions. Additionally,the Fund increases its income producing portfolio through leverage by entering into reverse repurchase agreements. Reverse repurchaseagreements are contracts in which the Fund is a seller of securities under an agreement to buy the securities back at a specified timeand price. Reverse repurchase agreements are used by the Fund as an indirect means of borrowing. The Adviser may invest in affiliated money market ETFs to manage liquidity or to pledge as collateral for derivatives. OptionOverlay Strategy TheAdviser seeks additional capital gains through an option overlay strategy with up to 20% of Fund assets. However, gains from writtenoption premiums are often referred to as income. The option overlay strategy consists of an exchange-traded and over-the-counter (“OTC”)put and call option spread writing strategy on instruments linked to equities, fixed income, volatility indices, commodities, currencies,and Bitcoin). The equity and fixed income strategies include primarily U.S. companies but may include companies from both emerging anddeveloped foreign markets and may include companies of any market capitalization. The commodity strategies may include all types of commoditiesand commodity indexes. Currency strategies are those that attempt to profit from the changes in the relative value of various currencies.Volatility strategies are those that attempt to profit from the changes in the historical or implied return volatility of futures orsecurities indexes. Volatility is a measure of a reference asset’s historical or expected future price movements. The Bitcoin relatedoptions in which the Fund may invest include exchange traded options on Bitcoin, Bitcoin futures, Bitcoin ETFs, Bitcoin ETPs, or an indexof Bitcoin ETPs. Acall option gives the owner the right, but not the obligation, to buy a security, index future, ETF, or reference asset at a specifiedprice (strike price) within a specific time period. A put option gives the owner the right, but not the obligation, to sell index futuresor sell a security, index future, ETF, or reference asset at a specified price (strike price) within a specific time period. PutSpread Sub-Strategy Ina put option spread, the Fund sells (writes) an at-the-money or out of the money (below current market price) put option while also purchasinga further out of the money put option. The written put option is intended to generate income, and the purchased put option is intendedto partially limit the Fund’s potential losses from the written put option. The Adviser selects written put options that it believeswill expire worthless or are likely to decline in value. CallSpread Sub-Strategy Ina call option spread, the Fund sells (writes) an at-the-money or out of the money (above current market price) call option while alsopurchasing a further out of the money call option. The purchased call option is intended to limit the Fund’s potential losses fromthe written call option. The Adviser selects written call options that it believes will expire worthless or are likely to decline invalue. Generally,the Adviser selects among the options linked strategies based upon its evaluation of relative value based on cost, strike price (pricethat the optioned asset can be bought or sold by the option holder) and maturity (the last date the option contract is valid) and willexercise or close the options based on approaching maturity or opportunistic portfolio rebalancing. The Fund anticipates purchasing andselling options on a weekly, monthly, quarterly, and annual basis, depending upon the Fund’s rebalancing requirements and the individualoption expiration dates. However, the Fund may rebalance its option portfolio on a more frequent basis for a number of reasons such asif market volatility renders the protection provided by the option strategy less effective or ineffective or an option position has appreciatedto the point that it is prudent to decrease the Fund’s exposure and realize gains for the Fund’s shareholders. While theoption overlay is intended to improve the Fund’s performance, there is no guarantee that it will do so. Subsidiary TheFund executes a portion of its Bitcoin strategy indirectly by investing up to 25% of its total assets (measured at the time of investment)in a wholly owned and controlled subsidiary, the Simplify Bitcoin Strategy PLUS Income Cayman Fund (the “Subsidiary”), whichis designed to enhance the ability of the Fund to obtain indirect exposure to the Bitcoin market consistent with the limits of the U.S.federal tax law requirements applicable to registered investment companies. The Fund expects to gain exposure to Bitcoin futures, Bitcoinswaps, Bitcoin ETP swaps, options on Bitcoin, Bitcoin futures, Bitcoin ETPs, an index of Bitcoin ETPs, volatility indices, and commoditiesthrough the Subsidiary. The Fund does not control any other entity. The Subsidiary is advised by the Adviser. Unlike the Fund, the Subsidiarymay invest without limitation indirectly in Bitcoin-related investments, however, the Subsidiary will comply with the same InvestmentCompany Act of 1940 asset coverage requirements, when viewed on a consolidated basis with the Fund, with respect to its investments inderivatives; and also complies with the provisions of the Investment Company Act of 1940 in Section 15 (regarding investment advisorycontract approvals). TheFund is classified as a “non-diversified” investment company under the 1940 Act, which means that the Fund may invest a higherpercentage of its assets in a fewer number of issuers than is permissible for a “diversified” fund.
MAXI News
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- Technical Reactions to MAXI Trends in Macro Strategies
- Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) Sees Large Decline in Short Interest
- Trading the Move, Not the Narrative: (MAXI) Edition
- Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) Short Interest Update
- Trading the Move, Not the Narrative: (MAXI) Edition
- Moore Wins 11 Direct Marketing Association of Washington 2026 MAXI Awards
- (MAXI) Volatility Zones as Tactical Triggers
- Short Interest in Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) Expands By 459.0%
- Simplify Bitcoin Strategy ETF (MAXI) Declares Dividend Payment
- Price-Driven Insight from (MAXI) for Rule-Based Strategy
- Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) Short Interest Down 43.8% in May
Data for MAXI is aggregated from third-party providers (Tiingo, Nasdaq, Finnhub) and SEC filings, may be delayed at least 20 minutes, and may be incomplete or contain errors. Nothing here is investment advice. Verify with the official prospectus before investing.