SPBC - Simplify U.S. Equity PLUS GBTC ETF

The Simplify US Equity PLUS Bitcoin Strategy ETF (SPBC) seeks to provide capital appreciation by providing an efficient way for asset allocators to add Bitcoin exposure to portfolios. T­he fund targets a 100% investment in US equities while simultaneously providing a 10% exposure to Bitcoin via exchange traded products (including affiliated Bitcoin ETFs). The fund provides operational simplicity for investors by actively managing the rebalancing of the Bitcoin allocation. Rebalancing will generally occur quarterly but can rebalance more frequently to ensure the Bitcoin allocation does not exceed 25% of total assets.