The fund employs a rules-based options strategy to moderate the cryptocurrency’s volatility while targeting long-term appreciation.
Hedgeye Asset Management (Hedgeye), a subsidiary of Connecticut-based Hedgeye Risk Management, has expanded its exchange-traded fund (ETF) portfolio lineup with the launch the Hedgeye Hedged Bitcoin ETF (HBIT). Nearly half of all the Bitcoin in existence is currently worth less than what somebody paid for it - Keith McCullough, Hedgeye The actively managed fund, listed on the New York Stock Exchange, aims to provide Bitcoin exposure while reducing volatility and managing downside risk.