Home News Simplify Files For Bitcoin Futures ETF

Simplify Files For Bitcoin Futures ETF

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.”