Simplify launches income-enhanced bitcoin futures ETF
2022/10/28 11:50
Asset management firm Simplify filed an application with the SEC for a trading platform exchange traded fund (ETF), to be called "The Simplify U.S. Equity PLUS GBTC ETF" (SPBC), which will invest at least 80% of its net assets in shares of U.S. companies and Grey Bitcoin Trust (GBTC). of which it expects to invest 15% of its total assets in GBTC for indirect cryptocurrency exposure; the fund will not invest directly in bitcoin, bitcoin futures or other cryptocurrencies.
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