MAXI ETF — Holdings & Analysis

MAXI's unique approach involves varying Bitcoin exposure between 50% and 200% of net assets, achieved through Bitcoin ETFs, futures, options, or swaps, while the options income strategy focuses on selling put spreads, resulting in a relatively high expense ratio of 1.00%. Past performance does not guarantee future results.

Simplify Bitcoin Strategy PLUS Income ETF (MAXI) ETF — Price, Holdings & Analysis

The Simplify Bitcoin Strategy PLUS Income ETF (MAXI) is an actively managed fund with $0.03 billion in assets under management. It seeks capital gains through a risk-managed Bitcoin strategy, utilizing options to generate income. MAXI's unique approach involves varying Bitcoin exposure between 50% and 200% of net assets, achieved through Bitcoin ETFs, futures, options, or swaps, while the options income strategy focuses on selling put spreads, resulting in a relatively high expense ratio of 1.00%. Past performance does not guarantee future results.

ETF Overview

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.

MAXI, the Simplify Bitcoin Strategy PLUS Income ETF, aims to provide capital appreciation and income through an actively managed Bitcoin strategy enhanced with an options overlay. The fund's core strategy involves dynamically adjusting its Bitcoin exposure, ranging from 50% to 200% of its net assets, based on a proprietary technical model. This exposure is achieved through investments in Bitcoin ETFs like the iShares Bitcoin Trust ETF (IBIT), futures, options, or swaps, offering flexibility in capturing Bitcoin's price movements. Complementing the Bitcoin strategy, MAXI employs an options income strategy, primarily selling put spreads on equity indices, bond ETFs, and commodity ETFs. A significant portion of the fund is allocated to the Consumer Cyclical sector, reflecting its exposure to Bitcoin-related assets. The fund's holdings are primarily concentrated in the United States, with a small allocation to other countries. This approach is designed for investors seeking Bitcoin exposure with a risk-managed income component. Past performance does not guarantee future results.

Risk Metrics

MAXI carries several risks inherent in its investment strategy. The fund's concentrated holdings, with a significant allocation to the iShares Bitcoin Trust ETF (IBIT) at 101.30%, expose it to concentration risk. The fund's sector allocation is heavily skewed towards the Consumer Cyclical sector at 100.0%, making it vulnerable to fluctuations in this sector. The fund's beta is 0.00, indicating that it has very little volatility compared to the market. The high expense ratio of 1.00% can create a significant drag on returns, especially in a low-return environment. The fund's active management introduces the risk of underperformance relative to its benchmark. Investors should carefully consider these risks before investing in MAXI. Past performance does not guarantee future results.

Expense Ratio

1.00%

What does MAXI hold?

Holding	Weight
iShares Bitcoin Trust ETF (IBIT)	101.30%

How Is the Fund Allocated?

Sector	Weight
Consumer Cyclical	100.0%

Country	Weight
Other	1.8%
United States	98.2%

Dividend Yield

0.00%

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Simplify Aggregate Bond ETF (AGGH) (Fixed Income) — 0.55% expense ratio
Simplify DBi CTA Managed Futures Index ETF (SDMF) (Alternatives) — 0.35% expense ratio
Simplify Government Money Market ETF (SBIL) (Fixed Income) — 0.15% expense ratio

Risk Metrics

Beta: 0.00

Questions & Answers

What is MAXI and what does it track?

The Simplify Bitcoin Strategy PLUS Income ETF (MAXI) is an actively managed ETF that seeks capital gains through a Bitcoin strategy, enhanced with an options overlay to generate income. It does not directly invest in Bitcoin.

Instead, MAXI gains exposure to Bitcoin through instruments like Bitcoin ETFs, futures, options, and swaps.

What is the expense ratio for MAXI?

The Simplify Bitcoin Strategy PLUS Income ETF (MAXI) has an expense ratio of 1.00%. This means that for every $10,000 invested, the fund charges $100 in annual fees.

This expense ratio is considerably higher than the average expense ratio for alternative ETFs, which is approximately 0.44%.

What are the top holdings in MAXI?

As of 2026-03-15, the top holding in the Simplify Bitcoin Strategy PLUS Income ETF (MAXI) is the iShares Bitcoin Trust ETF (IBIT), with an allocation of 101.30%.

This indicates that the fund primarily gains its Bitcoin exposure through investments in other Bitcoin ETFs. The fund holds 39 assets in total.

Is MAXI a good long-term investment?

Evaluating MAXI as a long-term investment requires careful consideration of its strategy and associated risks. The fund's active management and options overlay aim to enhance returns and manage risk, but this also introduces complexity and the potential for underperformance.

The high expense ratio of 1.00% can erode returns over time.

How does MAXI compare to similar ETFs?

MAXI differentiates itself through its actively managed Bitcoin strategy and options income overlay. While other ETFs may offer passive Bitcoin exposure, MAXI aims to enhance returns and manage risk through active management.

The fund's expense ratio of 1.00% is higher than many passive Bitcoin ETFs.

Does MAXI pay dividends?

As of 2026-03-15, the Simplify Bitcoin Strategy PLUS Income ETF (MAXI) has a dividend yield of 0.00%. This indicates that the fund does not currently distribute dividends to its shareholders.

The fund's primary objective is capital appreciation and income generation through options strategies, rather than dividend payments. Investors seeking dividend income may want to consider other investment options. Past performance does not guarantee future results.