An ETF to Help Investors Navigate the Bitcoin Market
In the recent webcast,
Navigating the Bitcoin Boom….or Bust, Paul Kim, CEO and Co-Founder, Simplify Asset Management, noted that cryptocurrencies have exploded as an asset class in the past year.
Cryptocurrencies are decentralized, digital assets stored in a “ledger” in form of a database. They use cryptography to secure transactions, control the creation of “coins,” and verify ownership.
Bitcoin is a type of cryptocurrency that can be sent between users on the peer-to-peer Bitcoin network. Transactions are verified by “nodes” through cryptography publicly stored in a ledger called a “blockchain.” Bitcoins are created through a reward process called “mining”.
May 25, 2021
Do cryptocurrencies belong in advisor-managed portfolios? And if so, how exactly? As with any new investment, investors must weigh the risks against the rewards, and consider the long-term viability of the asset itself.
In the upcoming webcast,
Navigating the Bitcoin Boom….or Bust, Paul Kim, CEO and Co-Founder, Simplify Asset Management; and Michael Green, Chief Strategist, Simplify Asset Management, will engage in a spirited conversation over the case for and against cryptocurrencies.
Simplify Asset Management recently launched the
Simplify U.S. Equity PLUS GBTC ETF (NasdaqGM: SPBC) to help investors gain exposure to Bitcoin. SPBC is one of the first ETFs providing an easy and scalable way to add Bitcoin exposure to portfolios.
Simplify announced the launch of two first-of-their-kind ETFs: the Simplify Interest Rate Hedge ETF (PFIX) and the Simplify Volatility Premium ETF (SVOL).
A Hater of Passive Investing Joins an ETF Firm to Wage His War Michael Green, a known critic of passive investing, is joining Simplify Asset Management, a $274 million issuer of ETFs as chief strategist and portfolio manager.
Justina Lee | Apr 22, 2021
(Bloomberg) To his 50,000 Twitter followers, Michael Green is an acerbic critic of the passive investing boom and the disquieting distortions it has inflicted on the U.S. stock market.
So a few eyebrows may have been raised this week when Green revealed that he’s joining Simplify Asset Management, a $274 million issuer of exchange-traded funds. With more than $6 trillion in assets in the U.S. alone, ETFs have almost singlehandedly fueled the passive revolution that Green reckons has made markets more fragile and helped inflate an unprecedented asset bubble.