Tuttle Capital has introduced the IBIT 0DTE Covered Call ETF (BITK) today.
This marks the debut of a zero-days-to-expiration covered call strategy ETF focused on BlackRock’s Bitcoin Trust (IBIT).
BITK, developed by Tuttle Capital, is now available for trading. It stands out as the inaugural zero-days-to-expiration covered call strategy associated with BlackRock’s Bitcoin Trust. This innovative product resets daily and aims to earn premiums from IBIT while sidestepping overnight market fluctuations.
The launch comes after IBIT’s options trading started in late 2024, achieving a remarkable $1.9 billion in volume on its first day.
This ETF offers traders an opportunity to earn daily income through Bitcoin options premiums, highlighting an increasing trend of incorporating Bitcoin derivatives into conventional ETF strategies.