{
 "ticker": "MAXI",
 "name": "Simplify Bitcoin Strategy ETF",
 "issuer": "Simplify",
 "desk": "crypto",
 "url": "https://etfiq.com/funds/maxi",
 "html": "https://etfiq.com/funds/maxi",
 "markdown": "https://etfiq.com/funds/maxi.md",
 "as_of": "2026-10-20",
 "verdict": "Over the year to Oct 20, 2026, MAXI lost 35.1%, against \u221225.6% for bitcoin.",
 "key_facts": [
  {
   "key": "total_return_1_year",
   "label": "Total return, 1 year",
   "value": "\u221235.1%",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "as_of": "2026-10-20",
   "sentence": "MAXI, total return, 1 year: \u221235.1%, as of Oct 20, 2026.",
   "cite": {
    "value": "\u221235.1%",
    "as_of": "2026-10-20",
    "source": "computed by ETFIQ from Tiingo daily prices",
    "url": "https://etfiq.com/funds/maxi#fact-total-return-1-year",
    "text": "MAXI, total return, 1 year: \u221235.1%, as of Oct 20, 2026."
   }
  },
  {
   "key": "bitcoin_over_the_same_days",
   "label": "Bitcoin over the same days",
   "value": "\u221225.6%",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "as_of": "2026-10-20",
   "sentence": "MAXI, bitcoin over the same days: \u221225.6%, as of Oct 20, 2026.",
   "cite": {
    "value": "\u221225.6%",
    "as_of": "2026-10-20",
    "source": "computed by ETFIQ from Tiingo daily prices",
    "url": "https://etfiq.com/funds/maxi#fact-bitcoin-over-the-same-days",
    "text": "MAXI, bitcoin over the same days: \u221225.6%, as of Oct 20, 2026."
   }
  },
  {
   "key": "difference_against_bitcoin_compounded",
   "label": "Difference against Bitcoin, compounded",
   "value": "\u221212.8%",
   "source": null,
   "as_of": "2026-10-20",
   "sentence": "MAXI, difference against Bitcoin, compounded: \u221212.8%, as of Oct 20, 2026.",
   "cite": {
    "value": "\u221212.8%",
    "as_of": "2026-10-20",
    "source": null,
    "url": "https://etfiq.com/funds/maxi#fact-difference-against-bitcoin-compounded",
    "text": "MAXI, difference against Bitcoin, compounded: \u221212.8%, as of Oct 20, 2026."
   }
  },
  {
   "key": "days_it_has_traded",
   "label": "Days it has traded",
   "value": "1,017",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "as_of": "2026-10-20",
   "sentence": "MAXI, days it has traded: 1,017, as of Oct 20, 2026.",
   "cite": {
    "value": "1,017",
    "as_of": "2026-10-20",
    "source": "computed by ETFIQ from Tiingo daily prices",
    "url": "https://etfiq.com/funds/maxi#fact-days-it-has-traded",
    "text": "MAXI, days it has traded: 1,017, as of Oct 20, 2026."
   }
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$35m",
   "source": "issuer page, as of Oct 19, 2026",
   "as_of": "2026-10-19",
   "sentence": "MAXI, net assets: $35m (issuer page, as of Oct 19, 2026).",
   "cite": {
    "value": "$35m",
    "as_of": "2026-10-19",
    "source": "issuer page, as of Oct 19, 2026",
    "url": "https://etfiq.com/funds/maxi#fact-net-assets",
    "text": "MAXI, net assets: $35m (issuer page, as of Oct 19, 2026)."
   }
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.31%",
   "source": "497 XBRL",
   "as_of": "2026-10-20",
   "sentence": "MAXI, expense ratio: 1.31% (497 XBRL).",
   "cite": {
    "value": "1.31%",
    "as_of": "2026-10-20",
    "source": "497 XBRL",
    "url": "https://etfiq.com/funds/maxi#fact-expense-ratio",
    "text": "MAXI, expense ratio: 1.31% (497 XBRL)."
   }
  }
 ],
 "fields": [
  {
   "key": "sponsor",
   "label": "Sponsor",
   "value": "Simplify",
   "source": null
  },
  {
   "key": "holds",
   "label": "Holds",
   "value": "options on Bitcoin and funds holding Bitcoin",
   "source": null
  },
  {
   "key": "measured_against",
   "label": "Measured against",
   "value": "Bitcoin at 4pm New York, the coin it reaches",
   "source": null
  },
  {
   "key": "ishares_bitcoin_trust_etf_shs_ben_int",
   "label": "ISHARES BITCOIN TRUST ETF SHS BEN INT",
   "value": "69.8% of net assets",
   "source": "N-PORT, Jun 30, 2026"
  },
  {
   "key": "other_security",
   "label": "Other security",
   "value": "414.0% of net assets",
   "source": "N-PORT, Jun 30, 2026"
  },
  {
   "key": "derivatives",
   "label": "Derivatives",
   "value": "0.9% of net assets",
   "source": "N-PORT, Jun 30, 2026"
  },
  {
   "key": "borrowed_under_a_reverse_repurchase_agreement",
   "label": "Borrowed under a reverse repurchase agreement",
   "value": "\u2212405.7% of net assets, the filing\u2019s own figure",
   "source": "N-PORT, Jun 30, 2026"
  },
  {
   "key": "other_assets_less_other_liabilities",
   "label": "Other assets less other liabilities",
   "value": "20.9% of net assets, from the filing\u2019s own totals",
   "source": "N-PORT, Jun 30, 2026"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.31%",
   "source": "497 XBRL"
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$35m",
   "source": "issuer page, as of Oct 19, 2026"
  },
  {
   "key": "staking",
   "label": "Staking",
   "value": "the chain has none, so no fund holding it can pay a staking yield",
   "source": null
  },
  {
   "key": "first_traded",
   "label": "First traded",
   "value": "Sep 30, 2022",
   "source": null
  },
  {
   "key": "days_traded",
   "label": "Days traded",
   "value": "1,017",
   "source": null
  },
  {
   "key": "days_it_closed_unchanged",
   "label": "Days it closed unchanged",
   "value": "6",
   "source": null
  },
  {
   "key": "quoted",
   "label": "Quoted",
   "value": "on an exchange, every trading day",
   "source": null
  },
  {
   "key": "price",
   "label": "Price",
   "value": "$14.1251",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Total return": "\u22123.0%",
   "Bitcoin": "+1.6%",
   "Difference, percentage points": "\u22124.6 pts"
  },
  {
   "window": "3 months",
   "Total return": "+44.9%",
   "Bitcoin": "+24.2%",
   "Difference, percentage points": "+16.7% of its growth"
  },
  {
   "window": "6 months",
   "Total return": "+35.1%",
   "Bitcoin": "+10.0%",
   "Difference, percentage points": "+22.8% of its growth"
  },
  {
   "window": "Year to date",
   "Total return": "+3.3%",
   "Bitcoin": "\u22125.7%",
   "Difference, percentage points": "+9.0 pts"
  },
  {
   "window": "1 year",
   "Total return": "\u221235.1%",
   "Bitcoin": "\u221225.6%",
   "Difference, percentage points": "\u221212.8% of its growth"
  },
  {
   "window": "3 years",
   "Total return": "+101.0%",
   "Bitcoin": "+178.9%",
   "Difference, percentage points": "\u221227.9% of its growth"
  },
  {
   "window": "Since launch",
   "Total return": "+203.9%",
   "Bitcoin": "+323.6%",
   "Difference, percentage points": "\u221228.3% of its growth"
  },
  {
   "window": "Since launch, annualised",
   "Total return": "+31.5%",
   "Bitcoin": "\u2013",
   "Difference, percentage points": "\u2013"
  }
 ],
 "questions": [
  {
   "q": "Does MAXI track Bitcoin?",
   "a": "Over the year to Oct 20, 2026 it returned \u221235.1% against Bitcoin\u2019s \u221225.6%, 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\u2019s own closes and the coin\u2019s own closes over the same two dates."
  },
  {
   "q": "Does MAXI stake?",
   "a": "MAXI holds options on Bitcoin and funds holding Bitcoin rather than Bitcoin itself, so there is nothing for it to stake."
  },
  {
   "q": "What is MAXI?",
   "a": "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."
  }
 ],
 "key_stats": [
  {
   "key": "high52",
   "label": "52-week high, daily closes to Oct 20, 2026",
   "value": "$28.31 on Oct 27, 2025",
   "as_of": "2025-10-27",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "number": 28.305,
   "window": {
    "from": "2025-10-21",
    "to": "2026-10-20"
   }
  },
  {
   "key": "low52",
   "label": "52-week low, daily closes to Oct 20, 2026",
   "value": "$8.30 on Jun 30, 2026",
   "as_of": "2026-06-30",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "number": 8.295,
   "window": {
    "from": "2025-10-21",
    "to": "2026-10-20"
   }
  },
  {
   "key": "inrange",
   "label": "Close on Oct 20, 2026, within that range",
   "value": "$14.1251, 29% of the way from the low to the high",
   "as_of": "2026-10-20",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "number": 14.1251
  }
 ],
 "flows": {
  "as_of": "2026-06-30",
  "coverage": "monthly",
  "computed_by": "ETFIQ, from the change in shares outstanding times the previous day\u2019s NAV",
  "method": "https://etfiq.com/methodology/flows",
  "data": "https://etfiq.com/data/flows/funds/maxi.json",
  "windows": [],
  "latest_month": {
   "month": "2026-06",
   "net_flow_usd": -1258595,
   "net_flow": "\u2212$1.3m",
   "source": "SEC Form N-PORT"
  }
 },
 "generated": "2026-10-21",
 "license": "https://etfiq.com/license/",
 "license_text": "Figures ETFIQ computes are free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.",
 "citation": "ETFIQ, MAXI, crypto ETFs, data as of Oct 20, 2026. https://etfiq.com/funds/maxi"
}