Share this article
Simplify Files for Bitcoin ETF Mixing Treasurys and Options Strategies
The company earlier this year applied with the SEC to list a Web 3 ETF.
Updated May 11, 2023, 7:11 p.m. Published Apr 20, 2022, 5:27 p.m.
Simplify Asset Management has submitted paperwork to the U.S. Securities and Exchange Commission (SEC) for its Simplify Bitcoin Strategy Risk-Managed Income ETF under the ticker symbol, MAXI.
- As with other SEC-approved bitcoin exchange-traded funds (ETFs), this fund will hold bitcoin futures, rather than the crypto itself. In addition, Simplify intends to layer on an income strategy and an options overlay strategy.
- For the income strategy, the fund will hold short-dated U.S. Treasury paper and ETFs that mostly invest in Treasurys. For the options strategy, MAXI will sell (write) call options and buy put options on bitcoin futures or related ETFs.
- The fund’s management fee will be 0.85%.
- In January, Simplify filed to launch the Simplify Volt Web 3 ETF aimed at tracking Web 3 companies that are expected to benefit from technology infrastructure.
Read more: Optimism for US Spot Bitcoin ETF Grows With Approval of Teucrium Futures Fund
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Foundation behind restaking protocol EigenLayer plans bigger rewards for active users
An Incentives Committee would direct programmatic token emissions, focusing allocations on participants that secure AVSs and contribute to the EigenCloud ecosystem.
What to know:
- The Eigen Foundation has unveiled a governance proposal aimed at ushering in new incentives for its EIGEN token, shifting the protocol’s reward strategy to prioritize productive network activity and fee generation.
- Under the plan, a newly formed Incentives Committee would manage token emissions, prioritizing participants who secure Actively Validated Services and expand the EigenCloud ecosystem.
- The proposal includes a fee model that channels revenue from AVS rewards and EigenCloud services back to EIGEN holders, potentially creating deflationary pressure as the ecosystem grows.
Top Stories
