With the SEC still reluctant to approve an ETF in the country, U.S-based ETF issuers have been looking for more creative ways to structure their products.
This seems to be the rationale behind Simplify's U.S. Equity PLUS Bitcoin ETF, with the said offering intending to invest a majority of its holdings in U.S stocks while allocating a portion of its assets to cryptocurrencies through shares of the Grayscale Bitcoin Trust (GBTC).
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