Hedgeye Files Hedged Bitcoin ETF (HBIT) Targeting Volatility Reduction on NYSE Arca

According to Bloomberg ETF analyst James Seyffart, Hedgeye has filed for a Hedged Bitcoin ETF, set to trade under the ticker HBIT on NYSE Arca. The proposed fund combines spot Bitcoin ETF exposure with an options overlay designed to reduce volatility and manage downside risk, using Hedgeye Risk Management's proprietary signals for market entry and exit positioning.

The strategy involves buying and selling put and call options on Bitcoin-linked products while maintaining core BTC exposure. The fund acknowledges a key trade-off: downside protection may come at the cost of foregoing some upside potential during strong Bitcoin rallies. At press time, BTC traded at $62,719.