Simplify has applied for an ETF to trade commodities and cryptocurrencies.

According to a report submitted to the U.S. Securities and Exchange Commission (SEC) on March 11, U.today reported that Simplify Asset Management has filed for “Equity PLUS Bitcoin ETF” pending U.S. securities. and the Commerce Commission (SEC) agree. The fund hopes to offer investors a mix of commodities and cryptocurrencies, and will invest directly in Bitcoin by holding 15% of its shares in the Grayscale Bitcoin Trust (GBC). Simplify noted that GBTC products prefer to trade at a price or discount as one of the risks. ETF applications pay an administration fee of 0.50% per annum and have a minimum capital expenditure.