Hedgeye Introduces Options-Based HBIT ETF for Regulated Bitcoin Exposure

Hedgeye Asset Management has launched the Hedgeye Hedged Bitcoin ETF (HBIT) on the New York Stock Exchange. The actively managed fund combines exposure to US-listed spot Bitcoin products with a changing options overlay.

HBIT primarily invests in exchange-traded products that track Bitcoin, including BlackRock's iShares Bitcoin Trust. It then buys and writes put and call options, using strike prices informed mainly by Hedgeye's proprietary Risk Range signals.

The fund can change its positioning as frequently as once per day, considering price trends, market and implied volatility, liquidity, and the firm's calculated trading ranges.