Hedgeye Asset Management (NYSE: HBIT) launched the Hedgeye Hedged Bitcoin ETF, an actively managed fund seeking long-term capital appreciation with bitcoin-linked exposure while aiming to reduce volatility and manage downside risk. HBIT primarily holds U.S.-listed spot bitcoin exchange-traded products, such as the iShares Bitcoin Trust ETF (IBIT), and does not invest directly in bitcoin.
The fund overlays this exposure with a dynamic options strategy driven mainly by Hedgeye's proprietary Risk Range™ Signals, allowing option positions to be adjusted as frequently as daily. The ETF is non-diversified, newly organized, and carries risks tied to bitcoin, options use, high portfolio turnover, key personnel, and evolving digital-asset regulation.