Simplify US Equity PLUS Bitcoin Strategy ETF

Frequently Asked Questions About SPBC

What does SPBC invest in?

SPBC adds Bitcoin exposure to a portfolio of US equities. The fund invests at least 80% of its assets in US equity securities, which include common stocks, preferred stocks, or futures on common or preferred stocks via ETFs and futures. SPBC does not hold physical Bitcoin or invest directly in Bitcoin, Bitcoin futures, or other cryptocurrencies. Instead, the fund aims to allocate 10% of its total assets to exchange-traded products (ETPs) that directly hold spot Bitcoin. The adviser selects Bitcoin ETPs that it believes to offer sufficient liquidity and relatively low expenses. The fund generally rebalances this allocation quarterly but may rebalance more frequently to ensure that Bitcoin exposure does not exceed 25% of its assets. Prior to November 1, 2024, the fund was named Simplify US Equity PLUS GBTC ETF.

What is the expense ratio of SPBC?

Simplify US Equity PLUS Bitcoin Strategy ETF (SPBC) charges an expense ratio of 0.54%. This is the annual fee deducted from fund assets to cover management and operations.

How big is SPBC?

Simplify US Equity PLUS Bitcoin Strategy ETF (SPBC) manages $39.4M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is SPBC actively managed or an index fund?

SPBC's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was SPBC launched?

Simplify US Equity PLUS Bitcoin Strategy ETF (SPBC) launched in May 2021 and is managed by Simplify.

How has SPBC performed?

SPBC's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.