Bitwise Bitcoin ETF (BITB) Covered Calls
The Bitwise Bitcoin ETF offers a secure, low-cost way to gain direct exposure to Bitcoin within traditional brokerage accounts. Managed by digital asset specialist Bitwise, the fund holds physical Bitcoin in institutional-grade cold storage. It is distinguished by its specialist management team, competitive fee structure, and a unique commitment to supporting the Bitcoin ecosystem through the donation of a portion of its profits to open-source developers.
You can sell covered calls on Bitwise Bitcoin ETF to lower risk and earn monthly income. Born To Sell's covered call screener gives you customized search capabilities across all possible covered calls but here are a couple of examples for BITB (prices last updated Tue 4:16 PM ET):
| Bitwise Bitcoin ETF (BITB) Stock Quote | ||||||
|---|---|---|---|---|---|---|
| Last | Change | Bid | Ask | Volume | P/E | Market Cap |
| 38.05 | +0.55 | 38.05 | 38.08 | 4.8M | - | 0.8 |
| Covered Calls For Bitwise Bitcoin ETF (BITB) | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Net Debit | Return If Flat |
Annualized Return If Flat |
|
| Mar 20 | 38 | 1.15 | 36.93 | 2.9% | 96.2% | |
| Apr 17 | 38 | 2.30 | 35.78 | 6.2% | 58.0% | |
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Bitwise Bitcoin ETF is a spot-based exchange-traded fund that tracks the CME CF Bitcoin Reference Rate - New York Variant. Sponsored by Bitwise Asset Management, the fund leverages the firm’s deep expertise in digital asset research and security to provide a transparent, regulated vehicle for Bitcoin exposure. BITB is designed for both institutional and individual investors seeking a professional-grade entry point into the digital asset market.
Core Business and Products
- Physically-Backed Exposure: The trust holds actual Bitcoin, ensuring that share performance correlates directly with the spot price. This removes the "roll costs" and technical complexities associated with futures-based crypto products.
- Institutional Security: Assets are held by Coinbase Custody Trust Company, LLC in segregated, offline cold storage. This setup provides a multi-layer security protocol designed to protect the fund’s holdings from hacking and unauthorized access.
- Ecosystem Support: Bitwise donates 10% of the profits from BITB to organizations that support Bitcoin open-source development, aligning the fund’s success with the long-term health and security of the underlying Bitcoin network.
Competitive Landscape
The market for spot Bitcoin ETFs is highly competitive, focused primarily on liquidity and expense ratios. BITB competes directly with the iShares Bitcoin Trust and the Fidelity Wise Origin Bitcoin Fund. It is often preferred by fee-conscious investors alongside the Franklin Bitcoin ETF and the Grayscale Bitcoin Mini Trust. Other relevant peers include the ARK 21Shares Bitcoin ETF and the VanEck Bitcoin Trust, as well as digital asset proxies like Strategy Inc (MicroStrategy).
Strategic Outlook and Innovation
In 2026, Bitwise is focused on the "institutionalization" phase of Bitcoin, targeting wider adoption through registered investment advisors and wealth management platforms. A key strategic priority is enhancing on-chain transparency, including the implementation of real-time proof-of-reserve reporting. Innovation efforts are also directed at the burgeoning options market for spot ETFs, which would allow BITB holders to utilize sophisticated hedging and income-generation strategies. As Bitcoin continues to gain status as a global "digital gold," the fund aims to maintain its position as the premier specialist-led vehicle for crypto-native and traditional investors alike. By combining technical depth with a commitment to low fees, BITB seeks to be a foundational component of modern, diversified investment portfolios.
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| 1. | NVDA covered calls | 6. | QQQ covered calls | 1. | CTMX covered calls | |
| 2. | SLV covered calls | 7. | EWZ covered calls | 2. | PATH covered calls | |
| 3. | EEM covered calls | 8. | FXI covered calls | 3. | USO covered calls | |
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| 5. | IBIT covered calls | 10. | KWEB covered calls | 5. | ONDS covered calls | |
Want more examples? BIS Covered Calls | BITI Covered Calls
Risk Disclosure: Trading options involves significant risk and is not suitable for all investors. The information provided on this website is for educational and informational purposes only and does not constitute financial, investment, tax, or legal advice. Nothing contained on this site is an offer to buy or sell, or a solicitation of an offer to buy or sell, any securities or financial instruments.
Covered Call Strategy Risks: While covered call writing is often considered a conservative options strategy, it is not without risk. By selling a covered call, you are limiting your potential upside profit from the underlying stock. You remain exposed to the full downside risk of owning the underlying stock. In the event of a significant decline in the stock price, the premium received may not be sufficient to offset your losses.
No Guarantee of Performance: Past performance is not indicative of future results. Any examples, calculations, or hypothetical scenarios presented on this site are for illustrative purposes only and do not guarantee future returns or outcomes. Market conditions, liquidity, and trading system failures can affect your ability to execute trades at desired prices.
You should consult with a qualified professional advisor and conduct your own due diligence before making any investment decisions. By using this website, you acknowledge that you are responsible for your own investment decisions and agree to release this site and its affiliates from any liability relating to your use of this information. See the OCC's Characteristics and Risks of Standardized Options for more info.
