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Simplify adds options strategies to its gold and Bitcoin ETF.
BlockBeats news, on September 26, according to CNBC, asset management company Simplify has added options strategies to its ETF products YGLD and MAXI, which provide exposure to gold and Bitcoin futures, in an effort to seek returns. Although these ETFs are still relatively small in scale, analysts believe that as gold prices reach new highs and Bitcoin adoption continues to rise, gold and Bitcoin are no longer traditional “safe-haven” assets but are turning into revenue-generating investment assets.