Hedgeye Launches Actively Managed Bitcoin ETF to Reduce Volatility

Hedgeye Asset Management has launched the Hedgeye Hedged Bitcoin ETF (HBIT), an actively managed exchange-traded fund designed to help investors manage bitcoin volatility.

The Fund invests primarily in U.S.-listed spot bitcoin exchange-traded products, such as the iShares^® Bitcoin Trust ETF (IBIT).

To reduce risk around that exposure, HBIT uses a dynamic options strategy driven by Hedgeye's proprietary Risk Range^™ Signals.