On September 30, Simplify Asset Management, a registered investment adviser, Announced the official launch of the Bitcoin Strategy ETF named “Simplify Bitcoin Strategy PLUS Income ETF” with the code “MAXI”.

Asset management firm Simplify’s ETFs have total assets under management of $1.4 billion. The MAXI Fund is listed on Nasdaq and charges a 0.97% management fee.

The Simplified Bitcoin Strategies Risk Management Yield ETF does not contain the cryptocurrency itself, but rather the cryptocurrency futures price, and is designed to yield performance through three strategies: a Bitcoin futures strategy, a yield strategy, and a futures strategy. option stacking.

MAXI seeks capital gains and income by giving investors exposure to Bitcoin while generating income by selling short-term bid or ask spreads on the most liquid global stock indices.

As reported in April, the asset management firm filed an application for a bitcoin strategy ETF with the SEC.

The US Securities and Exchange Commission (SEC) has approved the third US bitcoin exchange-traded fund (ETF) product, which tracks futures prices for the world’s largest crypto asset. Teucrium’s approval joins other issuers such as ProShares and VanEck, both of which were approved last year to list ETFs based on bitcoin futures. More Bitcoin ETF products are expected to be traded on the market.

By the end of September, black rockan American multinational investment firm headquartered in New York, has expanded its crypto services offering by launching a new exchange-traded fund (ETF) that provides exposure to block chain and crypto companies for its European clients.

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