Simplify Bitcoin Strategy PLUS Income ETF (MAXI)

With the approval of spot Bitcoin ETFs, other ETFs using option selling strategies with Bitcoin as the underlying asset soon followed.

MAXI currently pays a $1.00 per share monthly dividend, giving the ETF a 54% distribution rate.

Three covered call ETFs currently use Bitcoin as the portfolio asset. Each approaches the covered call strategy differently, providing a variety of strategies for investors to choose from.

The approval of spot Bitcoin ETFs may have disappointed in the short-term, but looking ahead, they are likely to be powerful catalysts.

The ongoing rally spurred by expectations of regulatory approval for Bitcoin ETFs in the United States has pushed the world's largest cryptocurrency to near $38,000 — a level last seen in May 2022.