Hedgeye plans to launch an HBIT Bitcoin hedge ETF, combining options strategies to manage risk.

CoinFeed reported on June 11 that, according to Bloomberg ETF analyst Eric Balchunas on the X platform, Hedgeye is planning to launch a Hedged Bitcoin ETF with the ticker symbol HBIT. The fund will invest in Bitcoin ETFs to gain exposure to Bitcoin, while managing downside risk and generating returns through buying and selling call options.