The asset manager Simplify has just announced their filing with the SEC for the Bitcoin Strategy Risk-Managed Income ETF (MAXI), which intends to indirectly invest in Bitcoin through crypto futures, holding short-term U.S. Treasury securities, as well as ETFs that invest in U.S. Treasury securities. In the filing Simplify stated, “The core option overlay is a strategic exposure meant to partially hedge against Bitcoin futures declines and express convictions about price run ups or about specific Bitcoin-linked ETFs price movement.”
ETF Newz Says:
There is a good chance MAXI will see the light of day as the SEC have started to approve more and more Bitcoin futures ETFs.
