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

  • From Data Rights to Digital Property: Whistleblower Brittany Kaiser on Blockchain, RWA,... 4 days ago
  • The Base Chain's Ascent: How Deep Coinbase Integration and JPMorgan's Pilot Are Reshapi... 10 days ago
  • Tether in Trouble? U.S. Senate Just Passed a Law That Could Dethrone the $155B Stableco... 13 days ago
  • Justin Sun's Nasdaq Gamble: How Six Years Forged Ties with the Trump Family 14 days ago
  • The Crypto IPO Wave: From Fringe to Front Page 17 days ago

    • You need to login to comment.