Simplify US Equity PLUS Bitcoin Strategy ETF (SPBC) - Strategy/Thematic Crypto-Related ETF

Actively managed ETF targeting 100% US equity exposure plus a 10% allocation to Bitcoin via ETPs. Efficient way to add Bitcoin to stock portfolios as of December 18, 2025.

Key Facts (December 2025)

Issuer	Simplify Asset Management
Ticker	SPBC (NASDAQ)
Expense Ratio	0.73%
Approx. AUM	$80 Million
Inception Date	May 24, 2021
Primary Strategy	100% US Equities + 10% Bitcoin Exposure
Crypto Exposure	Indirect via Bitcoin ETPs (spot Bitcoin ETFs/ETPs)
Official Site	Simplify SPBC Page

Portfolio Structure & Holdings (as of late 2025)

SPBC primarily holds low-cost US equity ETFs/futures for broad market exposure and allocates ~10% to spot Bitcoin ETPs (e.g., affiliated or major spot Bitcoin ETFs).

Typical breakdown: ~90-100% in S&P 500/large-cap equity vehicles + 10% Bitcoin ETPs. Actively rebalanced quarterly (or more frequently if needed to cap at 25%). Exact holdings concentrated in a few large positions.

Recent Performance & Flows

• Performance in 2025 reflects blended equity + Bitcoin returns, with moderate outperformance vs pure stocks during crypto rallies.
• Recent flows: Mixed, with some short-term outflows amid late-2025 market volatility.
• Benefits from Bitcoin's strong periods while anchored to stable US equity base.
• Smaller AUM provides flexibility but may impact liquidity in stress.

Data approximate; sources include Simplify reports, ETF.com, and market trackers (as of December 18, 2025).

Pros

• Simple way to add targeted Bitcoin exposure to a core US equity portfolio.
• Active management handles rebalancing and Bitcoin allocation caps.
• Diversified equity base reduces pure crypto volatility.
• Potential for enhanced returns when Bitcoin outperforms stocks.

Cons

• Higher expense ratio than plain S&P 500 ETFs.
• Still exposed to Bitcoin's high volatility (amplified on the 10% allocation).
• Smaller AUM and lower liquidity compared to major funds.
• Performance drag if Bitcoin underperforms equities.

How to Buy SPBC

Available on major brokers including Fidelity, Vanguard, Charles Schwab, Robinhood, and Interactive Brokers. Search ticker "SPBC". Ideal for investors wanting a balanced stock portfolio with modest Bitcoin upside.

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Not financial advice. Investments in ETFs involve risk, including potential loss of principal. Crypto-related investments are highly volatile. Data approximate as of December 18, 2025; always verify with official sources.