Simplify Bitcoin Strategy PLUS Income ETF
$15.63−0.97 (−5.84%)
- Expense ratio
- 1.31%
- Fund size
- $42M
- 1Y return
- −28.0%
- Yield · Last 12 months
- 23.89%
- Holdings
- 39
- Volume · 30D
- 0M sh
- NAV per share
- $16.85
- 52W range
The ETF.net MAXI Grade
Score 26 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 5Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.DScore 27Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 57Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.Not scoredDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 69Category rank
Our read on MAXI
DBitcoin exposure with a side job. MAXI pairs bitcoin futures and bitcoin-linked ETPs with an actively managed options overlay aimed at income as well as price, priced like the hands-on strategy it is.
The Fund seeks income and capital appreciation through Bitcoin exposure obtained via Bitcoin futures and/or Bitcoin-related exchange-traded products, together with an actively managed options overlay.
Why people hold it
- Not a plain covered-call sleeve: bitcoin exposure via futures and bitcoin-related ETPs, wrapped in an actively managed options overlay targeting income and capital appreciation.simplify.us
- Trading since 2022, an early entrant in the bitcoin-plus-income niche with a multi-year operating history behind it.
- Runs inside the standard 1940 Act ETF wrapper, from a shop that also builds the equity-plus-bitcoin version, SPBC.
Worth knowing
- The overlay costs money: 1.31% a year, above the typical fee in its crypto-income group. Cheaper routes exist, such as BTCI at 0.99% and CEPI at 0.85%.
- Small and thinly traded, so spreads can be wide. Limit orders do real work here.
- Distributions are irregular rather than a set monthly check, and derivative-based bitcoin exposure can behave differently from holding spot.
MAXI Holdings
- Other
- 39
- 100%
- CME Bitcoin Fut Sep26
Sectors
Geography
MAXI Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | MAXI |
|---|---|
| Year to date | +21.0% |
| 1 month | +24.4% |
| 3 months | +86.6% |
| 1 year | −28.0% |
| 3 years | +37.3% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | MAXI |
|---|---|---|
| 2026 YTD | +21.0% | |
| 2025 | −28.6% | |
| 2024 | +93.3% | |
| 2023 | +145.8% | |
| 2022 | −13.0% |
MAXI in the news
ETF.net Research hasn’t filed on MAXI yet — coverage lands here as it’s written.
MAXI Dividends
- 23.89%
- $3.97
- $0.05 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Aug 26, 2026 | Aug 31, 2026 | $0.05 |
| Jul 28, 2026 | Jul 31, 2026 | $0.03 |
| Jun 25, 2026 | Jun 30, 2026 | $0.08 |
| May 26, 2026 | May 29, 2026 | $0.10 |
| Apr 27, 2026 | Apr 30, 2026 | $0.10 |
| Jan 27, 2026 | Jan 30, 2026 | $0.10 |
| Dec 23, 2025 | Dec 31, 2025 | $0.51 |
| Nov 21, 2025 | Nov 28, 2025 | $1.00 |
| Oct 28, 2025 | Oct 31, 2025 | $1.00 |
| Sep 25, 2025 | Sep 30, 2025 | $1.00 |
| Aug 26, 2025 | Aug 29, 2025 | $1.00 |
| Jul 28, 2025 | Jul 31, 2025 | $1.00 |
MAXI Risk
- 69.1%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.63
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −69.5%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.60
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
MAXI Cost
- The middle half of Crypto Option Income funds
- Median 0.85%
19 of the 21 Crypto Option Income funds charge less.