Key takeout
- The IBIT 0DTE Cover Call ETF (BITK) was released today by Tuttle Capital.
- BITK is a covered call strategy ETF from BlackRock’s Bitcoin Trust (IBIT)’s first zero day to expiration.
Bitk, Tuttle Capital’s IBIT 0DTE cover call ETF, has started trading today as a cover call strategy to zero up to zero until the first zero day of BlackRock’s Bitcoin Trust. Daily Reset Options products are designed to capture IBIT premiums while avoiding overnight volatility.
The launch followed IBIT’s options trading debut in late 2024, reaching volume of $1.9 billion on its first day.
ETFs allow traders to generate daily income from premiums in Bitcoin options, reflecting the expansion of Bitcoin derivatives integration into traditional ETF strategies.
