Express

Simplify Filed To SEC For Launching A Stock Plus GBTC ETF

Mary Liu

Summary: Simplify Asset Management Inc. plans to launch a stock plus GBTC ETF called "Simplify US Equity PLUS GBTC ETF" (SPBC), which has filed to the Securities and Exchange Commission on May 23. The fund will invest at least 80% of its net assets in U.S. stock securities and up to 15% of its net assets ...

Simplify Asset Management Inc. plans to launch a stock plus GBTC ETF called "Simplify US Equity PLUS GBTC ETF" (SPBC), which has filed to the Securities and Exchange Commission on May 23.

The fund will invest at least 80% of its net assets in U.S. stock securities and up to 15% of its net assets in Bitcoin through the Grayscale Bitcoin Trust. 

Simplify CEO Paul Kim stated that SPBC provides a liquid, scalable way to increase exposure to Bitcoin in the portfolio.

By Mary Liu

Last Update:

Tags: ,,,,
Link: Simplify Filed To SEC For Launching A Stock Plus GBTC ETF   [Copy]
Next:

Related Articles

  • ​The Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? 6 days ago
  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules 10 days ago
  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 13 days ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 17 days ago
  • Google Steps Into Blockchain: A New Front in the “Ledger Wars” 19 days ago

    • You need to login to comment.