Simplify Asset Management has filed an application with the United States Securities and Exchange Commission for its Simplify Volt Web3 ETF amidst its growing market presence. The application from Simplify ETFs to the SEC seeks to achieve capital growth via “The Simplify Volt Web3 ETF (the “Fund”). Additionally, the Fund aims to provide investors with exposure to the emerging Web3 and blockchain technology sectors. With the increasing popularity and potential of cryptocurrencies and blockchain, many investors are seeking opportunities to invest in this space through innovative vehicles such as crypto ETFs. For those unfamiliar with the term, “what is a crypto etf” refers to a type of exchange-traded fund that invests in a basket of cryptocurrencies or companies involved in blockchain technology. This allows investors to gain diversified exposure to the crypto market without directly owning individual cryptocurrencies.
The Web3 fund will also trade under the ticker symbol “WIII” and give investors exposure to Web3 businesses. Today (Jan,17th 2022) Simplify Assets Under Management are at $1,158,887,725.10
What Is Web3, Why Is It Important?
The Web has gone through many iterations since its inception, and Web 3.0 is the next step in this evolution. Web 3.0 is important because it will be a platform for blockchain-based applications with decentralized storage where users can exchange value without third parties such as governments or banks.
So, Web 3.0 is an evolution that will be the Web of the future. Web 3.0 is important because it will be the platform for blockchain-based applications with decentralized storage where users can exchange value without third parties like governments or banks.
Web 3.0 is also more secure than Web 2.0 because of encrypted data and better encryption standards that help prevent hacking, spamming, and other cybercrimes from happening on Web 3.0 systems.
Principal Investment Risks: As with all funds, there is the risk that you could lose money through your investment in the Fund. Many factors affect the Fund’s net asset value and price of shares and performance.
““Web3 companies are companies that the sub-adviser believes are focused on and expected to benefit from shifting the bases of technology infrastructure from a centralized self-hosted hardware infrastructure to a decentralized cloud infrastructure. The companies will use, help others use, or significantly be reliant upon Web3 technology, which is generally verifiable, trustless, self governing and distributed and may include metaverse companies. Metaverse companies are companies that the sub-adviser believes help bring the ‘metaverse’, a computerized virtual environment, to the masses. The ‘metaverse’ may play a large part in internet innovation, as it may allow users to own pieces of digital property through non-fungible tokens or digital tokens.
In selecting Web3 companies, the sub-adviser seeks to identify, using its own internal research and analysis, companies capitalizing or enabling the further development of Web3 technologies. The sub-adviser’s internal research and analysis leverages insights from diverse sources, including internal and external research, to develop and refine its investment themes and identify and take advantage of trends that have ramifications for individual companies or entire industries.
Under normal circumstances, primarily all of the Fund’s assets will be invested in equity securities, including common stocks, partnership interests, business trust shares and other equity investments or ownership interests in business enterprises. The Fund’s investments may include small-, medium- and large-capitalization companies. The Fund’s investments in foreign equity securities may be in both developed and emerging markets. The Fund may invest in foreign securities (including investments in American Depositary Receipts (“ADRs”) and securities listed on local foreign exchanges.
The Fund invests up to 10% of its total assets in the Grayscale Bitcoin Trust. The Grayscale Bitcoin Trust is a private fund that is not registered as an investment company under the Investment Company Act of 1940, as amended. The Grayscale Bitcoin Trust seeks for its shares to track the price of Bitcoin. The Fund will not invest in cryptocurrencies directly or through the use of derivatives. The Fund also will not invest in initial coin offerings. The Fund may, however, have indirect exposure to cryptocurrencies by virtue of its investments in operating companies that use one or more cryptocurrencies as part of their business activities or that hold cryptocurrencies. Because the Fund will not invest directly in any cryptocurrency, it will not track price movements of any cryptocurrency.” (from the filing of the company)
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