MAXIOverviewDividendsFlowsCompare

MAXI Simplify Bitcoin Strategy ETF

A registered fund holding options on Bitcoin and funds holding Bitcoin. It trades like a share.Simplify1.31% fee$35m on Oct 19, 2026First traded Sep 30, 2022SEC filings ↗Every Simplify fund ETFIQ coversDividend history

Over the year to Oct 20, 2026, MAXI lost 35.1%, against −25.6% for bitcoin.

−35.1%
Total return, 1 year
Report
−25.6%
Bitcoin over the same days
Report
−12.8%
Difference against Bitcoin, compounded
Report
1,017
Days it has traded
Report

No Coin Capture Score.

Why

MAXI has the figure, but its set, crypto futures and strategy ETFs with a full year, has 7 funds, under the twelve a percentile needs. A fund outside a ranked set has no score rather than a low one. All crypto ETFs ranked by it · How it is computed

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MAXI returns by window: total return, cash paid and price change
WindowTotal returnBitcoinDifference, percentage points
1M Sep 18 – Oct 20, 2026−3.0%+1.6%−4.6 pts
3M Jul 21 – Oct 20, 2026+44.9%+24.2%+16.7% of its growth
6M Apr 21 – Oct 20, 2026+35.1%+10.0%+22.8% of its growth
YTD Dec 31, 2025 – Oct 20, 2026+3.3%−5.7%+9.0 pts
1Y Oct 20, 2025 – Oct 20, 2026−35.1%−25.6%−12.8% of its growth
3Y Oct 20, 2023 – Oct 20, 2026+101.0%+178.9%−27.9% of its growth
Since launch Sep 30, 2022 – Oct 20, 2026+203.9%+323.6%−28.3% of its growth
Since launch, annualised Sep 30, 2022 – Oct 20, 2026+31.5%––

Total return at closing prices, distributions reinvested. Year to date runs from the last close of the year before. Annualised is the steady yearly rate that gives the since-launch total over the same days. Source: ETFIQ.

Source: Tiingo end-of-day prices, with distributions reinvested. Data as of Oct 20, 2026. Updated every trading night. Last checked Oct 21, 2026. Report a data error

Money in and out

Monthly figures · as of Jun 30, 2026

MAXI: in the month to Jun 30, 2026, net $1.3m went out, by its SEC filing.

12 months
+$28.0m
53.5% of $52.3m on Jun 30, 2025
Jul 1, 2025 to Jun 30, 2026
monthly, from SEC filings
3 years
+$48.1m
192.7% of $25.0m on Jun 30, 2023
Jul 1, 2023 to Jun 30, 2026
monthly, from SEC filings
Since Jul 2022
+$65.6m
Jul 1, 2022 to Jun 30, 2026
monthly, from SEC filings

Computed by ETFIQ from the monthly sales and redemptions MAXI files with the SEC on Form N-PORT.

How this is computed

ETFIQ reads no daily figures for this fund, so its flows are monthly, and the latest month filed is Jun 2026. Every day and month ETFIQ holds for MAXI, back to Jul 2022, is in its flows file. Flows across every fund · How these flows are computed · Compare MAXI with other funds in the flows tool

Month by month, money in and money outJul 2023 to Jun 2026

MAXI, money in and money out each month from Jul 2023 to Jun 2026: two bars a month, money in above the line and money out below. Every bar is from MAXI’s SEC filings (N-PORT item B.6). Of the 36 months listed, money came in on net in 23 and went out in 10.

Every bar is from MAXI’s SEC filings (N-PORT item B.6). Of the 36 months listed, money came in on net in 23 and went out in 10.

MonthInOutNet
Jun 2026 SEC Form N-PORT$0−$1.3m−$1.3m
May 2026 SEC Form N-PORT$0$0$0
Apr 2026 SEC Form N-PORT$0−$1.8m−$1.8m
Mar 2026 SEC Form N-PORT$0−$1.2m−$1.2m
Feb 2026 SEC Form N-PORT+$1.2m$0+$1.2m
Jan 2026 SEC Form N-PORT$0$0$0
Dec 2025 SEC Form N-PORT+$5.9m$0+$5.9m
Nov 2025 SEC Form N-PORT+$3.9m$0+$3.9m
Oct 2025 SEC Form N-PORT+$13.1m$0+$13.1m
Sep 2025 SEC Form N-PORT+$4.9m$0+$4.9m
Aug 2025 SEC Form N-PORT+$5.6m$0+$5.6m
Jul 2025 SEC Form N-PORT$0−$2.4m−$2.4m
Jun 2025 SEC Form N-PORT$0$0$0
May 2025 SEC Form N-PORT$0−$2.8m−$2.8m
Apr 2025 SEC Form N-PORT$0−$5.3m−$5.3m
Mar 2025 SEC Form N-PORT$0−$4.0m−$4.0m
Feb 2025 SEC Form N-PORT+$263k−$2.9m−$2.6m
Jan 2025 SEC Form N-PORT+$10.7m−$5.1m+$5.7m
Dec 2024 SEC Form N-PORT+$15.0m−$287k+$14.7m
Nov 2024 SEC Form N-PORT+$12.6m$0+$12.6m
Oct 2024 SEC Form N-PORT+$3.7m$0+$3.7m
Sep 2024 SEC Form N-PORT+$2.6m$0+$2.6m
Aug 2024 SEC Form N-PORT+$1.4m$0+$1.4m
Jul 2024 SEC Form N-PORT+$3.0m$0+$3.0m
Jun 2024 SEC Form N-PORT$0−$1.5m−$1.5m
May 2024 SEC Form N-PORT+$1.8m$0+$1.8m
Apr 2024 SEC Form N-PORT+$2.1m−$1.7m+$344k
Mar 2024 SEC Form N-PORT+$3.4m−$859k+$2.5m
Feb 2024 SEC Form N-PORT+$2.6m$0+$2.6m
Jan 2024 SEC Form N-PORT+$2.2m−$22.4m−$20.2m
Dec 2023 SEC Form N-PORT+$2.8m$0+$2.8m
Nov 2023 SEC Form N-PORT+$1.2m$0+$1.2m
Oct 2023 SEC Form N-PORT+$695k$0+$695k
Sep 2023 SEC Form N-PORT+$287k$0+$287k
Aug 2023 SEC Form N-PORT+$169k$0+$169k
Jul 2023 SEC Form N-PORT+$526k$0+$526k

Most recent first.

How this is computed

N-PORT months: money in is sales plus reinvestments; money out is redemptions.

N-PORT months are the filed sales plus reinvestments less redemptions. Later months add up the daily figures; the Source column names any missing day.

Source: ETFIQ, from the fund’s SEC N-PORT filings. Data as of Jun 30, 2026. Updated when the fund files its next report. Report a data error

MAXI key stats

52-week high, daily closes to Oct 20, 2026 (ETFIQ)$28.31 on Oct 27, 2025
52-week low, daily closes to Oct 20, 2026 (ETFIQ)$8.30 on Jun 30, 2026
Close on Oct 20, 2026, within that range (ETFIQ)$14.1251, 29% of the way from the low to the high
Range, beta and R-squared computed by ETFIQ from Tiingo daily prices.

About MAXI

Doing it would read −9.5 pts, which is correct and describes nothing a holder can act on: what the figure above states is the gap between the two growth factors, so a fund that kept 87% of what holding the coin gave says exactly that. MAXI is a registered investment company: it files a monthly N-PORT rather than a 10-K. Its N-PORT for Jun 30, 2026 puts 69.8% of its net assets in ISHARES BITCOIN TRUST ETF SHS BEN INT.
SponsorSimplify
Holdsoptions on Bitcoin and funds holding Bitcoin
Measured againstBitcoin at 4pm New York, the coin it reaches
ISHARES BITCOIN TRUST ETF SHS BEN INT (N-PORT, Jun 30, 2026)69.8% of net assets
Other security (N-PORT, Jun 30, 2026)414.0% of net assets
Derivatives (N-PORT, Jun 30, 2026)0.9% of net assets
Borrowed under a reverse repurchase agreement (N-PORT, Jun 30, 2026)−405.7% of net assets, the filing’s own figure
Other assets less other liabilities (N-PORT, Jun 30, 2026)20.9% of net assets, from the filing’s own totals
Expense ratio (497 XBRL)1.31%Report
Net assets (issuer page, as of Oct 19, 2026)$35mReport
Stakingthe chain has none, so no fund holding it can pay a staking yield
First tradedSep 30, 2022
Days traded1,017
Days it closed unchanged6
Quotedon an exchange, every trading day
Price$14.1251
How we measure
A holder gets exposure to Bitcoin without the fund holding the coin itself. Over the year to Oct 20, 2026, Bitcoin moved −25.6% and MAXI returned −35.1%. That leaves it 12.8% behind once both returns are compounded. Over a window this long the two returns cannot simply be subtracted. That difference is mostly the strategy itself: what its options cost or paid, and the days it held Treasuries rather than Bitcoin, with the fee on top. It is the only figure on this page the sponsor does not publish itself.
Fund closes and coin closes from Tiingo, read at the same two dates. ETFIQ calculation. How these figures are computed

Questions people ask about MAXI

Does MAXI track Bitcoin?
Over the year to Oct 20, 2026 it returned −35.1% against Bitcoin’s −25.6%, which leaves it 12.8% behind once both returns are compounded. That difference carries the fee and what the strategy did, and ETFIQ computes it from the fund’s own closes and the coin’s own closes over the same two dates.
Does MAXI stake?
MAXI holds options on Bitcoin and funds holding Bitcoin rather than Bitcoin itself, so there is nothing for it to stake.
What is MAXI?
Simplify Bitcoin Strategy ETF, a fund registered under the Investment Company Act that holds options on Bitcoin and funds holding Bitcoin to reach Bitcoin, from Simplify, first traded Sep 30, 2022. It files a monthly N-PORT listing what it holds.
Sources and dates
Prices, MAXI and BitcoinPrices, Tiingo end of day ↗
Fee, 1.31%Expense ratio, read from the 497 XBRL filed May 22, 2026 ↗
Net assets, $35mIssuer page · Oct 19, 2026
All fund filingsFund filings on SEC EDGAR ↗
IssuerSimplify website ↗
Expense ratio, read from the 497 XBRL filed May 22, 2026 ↗
Simplify’s own site ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement.

How these figures are computed →Standards and sources →Open data →
Cite this pageCitation, APA and Markdown

ETFIQ, MAXI, crypto ETFs, data as of Oct 20, 2026. https://etfiq.com/funds/maxi

Open MAXI live on ETFIQ

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.

Tracking difference
The fund’s total return minus the coin’s over exactly the same days, in percentage points. The fee, the custody cost, the creation and redemption friction and whatever the market paid for the shares, all of it, in one number.
Spot
The fund holds the coin itself, through a custodian, rather than futures on it or shares in companies that own it. Only spot funds are in this category; the others are measured where they belong.
Sponsor
Who runs the fund. Most spot crypto ETFs are 1933 Act trusts rather than registered investment companies, so they have a sponsor rather than an adviser, and file a 10-K rather than an N-PORT.
Thinly quoted
A fund whose price sat unchanged on more than one trading day in twenty. Its quoted return is what somebody paid on the days anyone traded, which is not the same thing as what the fund did, so ETFIQ shows it and does not rank it against funds that trade.
Staking
Only proof of stake coins can be staked, so it exists for ether and Solana funds and cannot exist for a bitcoin one. Where a fund stakes, the yield and the sponsor’s share of it are terms in its own filings.
Full definitions: crypto ETFs vocabulary page. →
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MAXI: MAXI over 1 year: fund −35.09%, Bitcoin −25.57%, 12.78% behind Bitcoin, compounded. Figures to Oct 20, 2026.
<figure style="margin:0;max-width:640px">
<a href="https://etfiq.com/funds/maxi"><img src="https://etfiq.com/assistant/api/embed/crypto/maxi.svg" alt="MAXI: MAXI over 1 year: fund −35.09%, Bitcoin −25.57%, 12.78% behind Bitcoin, compounded. Figures to Oct 20, 2026." width="640" style="max-width:100%;height:auto"></a>
<figcaption style="font:13px/1.5 sans-serif">MAXI: MAXI over 1 year: fund −35.09%, Bitcoin −25.57%, 12.78% behind Bitcoin, compounded. Figures to Oct 20, 2026. Data: <a href="https://etfiq.com/funds/maxi">ETFIQ</a></figcaption>
</figure>

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