Simplify Bitcoin Strategy Risk-Managed Income ETF is an exchange traded fund launched and managed by Simplify Asset Management Inc. The fund invests in fixed income and currency markets. For its currency portion, it invests through derivatives in bitcoin. The fund uses derivatives such as futures and options to create its portfolio. It invests in bitcoin futures through its wholly-owned subsidiary organized under the laws of the Cayman Islands. For its fixed income portion, the fund primarily invests directly and through other funds in high-quality short-term debt instruments. Simplify Bitcoin Strategy Risk-Managed Income ETF is domiciled in the United States.