# Simplify US Equity PLUS Bitcoin Strategy ETF (SPBC): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/spbc for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Simplify · Asset class: Equity - Strategy: Actively Managed · Inception: 2021-05-24 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 gene... ## Key Facts | Metric | Value | |---|---| | Price | $50.35 | | Expense Ratio | 0.54% | | Assets Under Management | $42.5M | | NAV | $50.01 | | Holdings Count | 5 | | Distribution Yield (TTM) | 0.79% | | Annual Distribution (TTM) | $0.40 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $40.29 – $51.50 | | Beta | 1.21 | ## Latest Distribution - Amount: $0.1000 /share - Ex-date: 2026-09-25 - Pay date: 2026-09-30 ## Frequently Asked Questions ### 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 $42.5M 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 is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (SPBC's is 0.54%) in exchange for the discretion to over- or under-weight positions. ### 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. ### Does SPBC pay a dividend? Simplify US Equity PLUS Bitcoin Strategy ETF (SPBC) currently distributes little or no income. Trailing-twelve-month yield is 0.79%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does SPBC pay dividends? Simplify US Equity PLUS Bitcoin Strategy ETF pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is SPBC's dividend yield? SPBC's trailing-twelve-month yield is 0.79%, calculated from the sum of dividends over the past year divided by the current price. ### When is SPBC's next ex-dividend date? The most recently announced ex-dividend date for SPBC was 2026-09-25. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page. ### How much will SPBC's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.54% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does SPBC charge its expense ratio? The expense ratio is deducted in tiny daily slices from SPBC's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does SPBC cost more than a fund like VOO? SPBC is actively managed (current expense ratio 0.54%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether SPBC's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to SPBC? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as SPBC (0.54%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/spbc - Distribution history: https://www.dividenddata.com/funds/spbc/dividend - Holdings & diversification: https://www.dividenddata.com/funds/spbc/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/spbc/expenses - Peer comparison: https://www.dividenddata.com/funds/spbc/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.