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New fund lets investors seek daily income on Bitcoin while sidestepping overnight price swings and rising volatility risks.
Key Takeaways
- IBIT 0DTE Covered Call ETF (BITK) launched today by Tuttle Capital.
- BITK is the first zero-days-to-expiration covered call strategy ETF on BlackRock’s Bitcoin Trust (IBIT).
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BITK, Tuttle Capital’s IBIT 0DTE Covered Call ETF, began trading today as the first zero-days-to-expiration covered call strategy on BlackRock’s Bitcoin Trust. The daily-reset options product is designed to capture premiums on IBIT while avoiding overnight volatility.
The launch follows IBIT’s options trading debut in late 2024, where volumes reached $1.9 billion on the first day.
The ETF enables traders to generate daily income from Bitcoin options premiums, reflecting growing integration of Bitcoin derivatives into traditional ETF strategies.
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