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MAXI

Simplify Bitcoin Strategy PLUS Income ETF

As of 10/17/2025

NAV

$ 24.21

NAV Change

- $ 0.59 /2.38%

Price

$ 24.22

Price Change

- $ 0.69 /2.77%

The Simplify Bitcoin Strategy PLUS Income ETF (MAXI) seeks capital gains through an actively managed Bitcoin strategy. A risk-managed options overlay is added to provide income.

The Bitcoin exposure will vary between 50% to 200% of the fund’s net assets, based on a proprietary technical model. Exposure may be gained through various instruments, including Bitcoin ETFs, futures, options, or swaps.

The options income strategy will focus on selling put spreads on a variety of instruments, including equity indices as well as bond and commodity ETFs.*

*The fund does not invest in bitcoin directly.

Fund Overview

As of 10/17/2025

Ticker Symbol
MAXI
Gross Expense Ratio
6.10%
CUSIP
82889N673
Total Assets
$49,149,166.03
Shares Outstanding
2,030,001
Distribution Rate as of 09/30/2025 Distribution rate calculation employs the most recent distribution, and multiplies the payment by 12 (monthly) or 4 (quarterly) to get an annualized total. The annualized total is then divided by the most recent net asset value (NAV) to determine the distribution rate.
Distribution Rate Close
Distribution rate calculation employs the most recent distribution, and multiplies the payment by 12 (monthly) or 4 (quarterly) to get an annualized total. The annualized total is then divided by the most recent net asset value (NAV) to determine the distribution rate.
43.26%
Distribution Frequency
Monthly
30-Day SEC Yield (Subsidized) as of 09/30/2025
-
30-Day SEC Yield (Unsubsidized) as of 09/30/2025
-0.20%
Options Available
No
Inception Date
09/29/2022
Premium/Discount (%) as of 10/17/2025
0.04%
NAV Per Share as of 10/17/2025
$24.21
Market Price as of 10/17/2025
$24.22
30-Day Median Bid-Ask Spread
0.46%
Bid/Ask
$24.22/$24.27
Midpoint Price
$24.25
Volume
81,316
NAV Symbol
MAXI.NV
IOPV Symbol
MAXI.IV
Shares Out. Symbol
MAXI.SO
Schedule K-1
No

Management Fees

This table describes the fees and expenses that you may pay if you buy, sell, and hold shares of the Fund. Investors purchasing or selling shares of the Fund in the secondary market may be subject to costs (including customary brokerage commissions) charged by their broker. The fee table located in the prospectus and updates in prospectus supplements prevail.

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Management Fees0.85%
Distribution and Service (12b-1) Fees0.00%
Other Expenses15.24%
Acquired Fund Fees and Expenses20.01%
Total Annual Fund Operating Expenses6.10%

1. Other Expenses includes interest expenses of 5.24%. 
2. Acquired Fund Fees and Expenses are the indirect costs of investing in other investment companies. The operating expenses in this fee table do not correlate to the expense ratio in the Fund’s financial highlights because the financial statements include only the direct operating expenses incurred by the Fund.

Fund Performance (Total Return)

As of 09/30/2025 09/30/2025

Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV 8.90% -1.16% 60.12% 24.42% 74.18% 401.91%
Market Price 8.49% 2.59% 59.83% 21.45% 73.81% 400.16%
Annualized 1 Year 3 Year Since Inception
NAV 74.18% 71.22% 71.13%
Market Price 73.81% 71.02% 71.02%
Cumulative 1 Year Since Inception
NAV 74.18% 401.91%
Market Price 73.81% 400.16%
Annualized 1 Year 3 Year 5 Year Since Inception
NAV 74.18% 71.22% 71.13%
Market Price 73.81% 71.02% 71.02%
Calendar Year NAV Market Price
2024 90.53% 93.28%
2023 143.55% 145.77%
2022

Growth of $10,000

Historical Premium/Discount

Calendar Year 2024 3rd Quarter of 2025
Days Traded at Premium
222
49
Days Traded at Discount
29
15

Portfolio Holdings

Ticker Name Quantity Weight
IBIT ISHARES BITCOIN TRUST ETF 686,000 84.37%
GLD US 10/29/25 P352 GLD Oct 2025 352 Put 1,109 0.14%
GLD US 10/29/25 P362 GLD Oct 2025 362 Put -1,109 -0.28%
IBIT US 10/24/25 C53 IBIT Oct 2025 53 Call 6,500 10.25%
NDXP US 10/22/25 P22900 NDXP Oct 2025 22900 Put 12 0.02%
NDXP US 10/22/25 P23900 NDXP Oct 2025 23900 Put -12 -0.08%
NDXP US 10/29/25 P21200 NDXP Oct 2025 21200 Put 5 0.02%
NDXP US 10/29/25 P23200 NDXP Oct 2025 23200 Put -5 -0.07%
NDXP US 10/31/25 P21600 NDXP Oct 2025 21600 Put 10 0.06%
NDXP US 10/31/25 P22600 NDXP Oct 2025 22600 Put -10 -0.11%
RUTW US 10/22/25 P2260 RUTW Oct 2025 2260 Put 130 0.02%
RUTW US 10/22/25 P2360 RUTW Oct 2025 2360 Put -130 -0.09%
RUTW US 10/29/25 P2250 RUTW Oct 2025 2250 Put 110 0.10%
RUTW US 10/29/25 P2350 RUTW Oct 2025 2350 Put -110 -0.31%
RUTW US 10/31/25 P2150 RUTW Oct 2025 2150 Put 102 0.05%
RUTW US 10/31/25 P2250 RUTW Oct 2025 2250 Put -102 -0.12%
SPXW US 10/22/25 C6790 SPXW Oct 2025 6790 Call 41 0.02%
SPXW US 10/22/25 P6200 SPXW Oct 2025 6200 Put 42 0.01%
SPXW US 10/22/25 P6500 SPXW Oct 2025 6500 Put -42 -0.09%
SPXW US 10/24/25 C6800 SPXW Oct 2025 6800 Call 151 0.25%
SPXW US 10/24/25 C6810 SPXW Oct 2025 6810 Call 46 0.05%
SPXW US 10/29/25 P6025 SPXW Oct 2025 6025 Put 36 0.05%
SPXW US 10/29/25 P6325 SPXW Oct 2025 6325 Put -36 -0.11%
SPXW US 10/31/25 P5840 SPXW Oct 2025 5840 Put 33 0.04%
SPXW US 10/31/25 P6140 SPXW Oct 2025 6140 Put -33 -0.07%
SPXW US 11/07/25 C6735 SPXW Nov 2025 6735 Call 41 0.65%
- DREYFUS TRSY OBLIG CASH M 1,202,144 2.45%
- Estimated Cash 1,377,671 2.80%

Recent Distributions

Ex-Dividend Date Record Date Payable Date Total Distribution
N/A
$1.00000
$1.00000
$1.00000
$0.35000
View Distribution History

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