Tuttle Capital launches zero day options strategy on BlackRock Bitcoin ETF
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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