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MAXI

Simplify Bitcoin Strategy PLUS Income ETF (MAXI)

$21.05

Delayed price

PASS

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Upturn Advisory Summary

04/01/2025: MAXI (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

AI Based Fundamental Rating

Moderate Performance

These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.

Analysis of Past Performance

Type ETF

Historic Profit 56.71%

Avg. Invested days 30

Today’s Advisory PASS

Upturn Star Rating

Upturn Advisory Performance

3.0

ETF Returns Performance

5.0

Profits based on simulation

Last Close 04/01/2025

Key Highlights

Volume (30-day avg) 52744	Beta -	52 Weeks Range 15.23 - 33.29	Updated Date 04/2/2025
52 Weeks Range 15.23 - 33.29	Updated Date 04/2/2025

Upturn AI SWOT

Simplify Bitcoin Strategy PLUS Income ETF

ETF Overview

Overview

The Simplify Bitcoin Strategy PLUS Income ETF (MAXI) seeks to provide income and exposure to Bitcoin futures contracts. It uses a covered call strategy on Bitcoin futures to generate income, while also providing exposure to potential Bitcoin price appreciation.

Reputation and Reliability

Simplify Asset Management is a relatively new but innovative ETF issuer known for its options-based strategies.

Management Expertise

The management team has experience in options trading and alternative investments.

Investment Objective

Goal

To provide income while also offering exposure to Bitcoin futures.

Investment Approach and Strategy

Strategy: Uses a covered call strategy on Bitcoin futures contracts to generate income.

Composition Primarily holds Bitcoin futures contracts and income-generating options on those futures.

Market Position

Market Share: MAXI's market share is relatively small compared to other broad market or crypto ETFs, as it's more niche-focused.

Total Net Assets (AUM): 32400000

Competitors

Key Competitors

BITO
BTF
IBIT
FBTC
ARKB

Competitive Landscape

The competitive landscape is dominated by spot bitcoin ETFs. MAXI differentiates itself by using a covered call strategy, which can provide income but may limit upside potential. Competitors focus on direct Bitcoin exposure. MAXI's advantage is its income generation, while its disadvantage is potentially capped gains.

Financial Performance

Historical Performance: Performance data is limited due to the ETF's relatively short history. Historical data is best sourced from reliable financial websites.

Benchmark Comparison: Comparing MAXI's performance to Bitcoin's spot price (or futures index) and to other covered call strategies can provide insights into its effectiveness.

Expense Ratio: 0.85

Liquidity

Average Trading Volume

The average trading volume for MAXI is moderate and may vary depending on market conditions.

Bid-Ask Spread

The bid-ask spread can vary, so it is important to consider spread costs when evaluating this ETF.

Market Dynamics

Market Environment Factors

Bitcoin's price volatility, regulatory developments, and investor sentiment towards cryptocurrency all affect MAXI.

Growth Trajectory

The growth trajectory depends on Bitcoin's adoption, the success of the covered call strategy, and investor demand for income-generating crypto products. Changes to the covered call ratio would impact performance.

Moat and Competitive Advantages

Competitive Edge

MAXI's competitive edge lies in its unique strategy of generating income from Bitcoin futures through covered calls, differentiating it from standard Bitcoin ETFs that purely track price movements. This approach can appeal to investors seeking income from their crypto holdings. Its focus on covered calls can provide downside protection during periods of market volatility, although it also caps potential upside. The strategy may attract investors who want some exposure to Bitcoin while mitigating risk.

Risk Analysis

Volatility

MAXI's volatility is high, reflecting the volatility of Bitcoin futures and the covered call strategy.

Market Risk

Market risk includes the price fluctuations of Bitcoin futures, the risk of mispricing options, and the general risks associated with cryptocurrency investments.

Investor Profile

Ideal Investor Profile

The ideal investor is someone seeking income from their crypto holdings and who is comfortable with the risks associated with Bitcoin futures and options strategies.

Market Risk

It is more suitable for investors with a higher risk tolerance who understand covered call strategies and are looking for income generation rather than pure capital appreciation.

Summary

The Simplify Bitcoin Strategy PLUS Income ETF (MAXI) provides exposure to Bitcoin futures while generating income through a covered call strategy. Its unique approach caters to investors seeking income from crypto but involves higher risk. MAXIu2019s performance depends heavily on Bitcoin's price volatility and the efficacy of the options strategy. Investors should carefully consider its expense ratio, liquidity, and risk profile before investing.

Similar Companies

BITO

ProShares Bitcoin Strategy ETF

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ETF

ETF

PASS

Sources and Disclaimers

Data Sources:

Simplify Asset Management Website
Bloomberg
SEC Filings

Disclaimers:

The data provided is for informational purposes only and should not be considered investment advice. Past performance is not indicative of future results. Consult with a financial advisor before making any investment decisions.

Upturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Simplify Bitcoin Strategy PLUS Income ETF

Exchange NASDAQ	Headquaters -
IPO Launch date -	CEO -
Sector -	Industry -	Full time employees -	Website
Full time employees -	Website

The fund is an actively managed exchange-traded fund (an "ETF"). The fund"s adviser seeks to achieve its investment objective by using three strategies: (1) a Bitcoin strategy, (2) an income strategy, and (3) an option overlay strategy. Under normal market conditions, the adviser selects investments in Bitcoin related instruments so that the total value of economic Bitcoin exposure is approximately 50% to 200% of the net assets of the fund. It is non-diversified.

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Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.