Quick note today about something that looks small on the surface . . .

But is a big deal if you care about income from Bitcoin.

The iShares Bitcoin Trust (IBIT) options will no longer have a single weekly expiration - they’ll now expire on Mondays, Wednesdays, and Fridays.

To some of Wall Street, that’s a footnote.

To me, it’s a regime change.

Here’s why.

If you’ve been with me for a while, you know I think most covered call ETFs lack value. They cap your upside, erode NAV over time, and dress up return of capital as “yield.”

The core problem is structure.

Many funds are running the same old “monthly/weekly options, always-on covered call” playbook. They’re getting in the way of the overnight and gap moves that potentially generate the big returns in volatile assets.

That’s bad enough in stocks. In something like Bitcoin, it’s wasted potential.​

So when I designed BITK, our Bitcoin 0DTE Covered Call ETF, I built it for a different world. A world where on-the-day flexibility matters more than potentially squeezing out a few basis points for optics.

BITK uses 0DTE options on IBIT—and now that IBIT options expire three times a week, we can harvest premium with far greater frequency and precision.​

  • We’re selling very short-dated calls designed to capture rapid time decay.

  • We’re aiming to avoid carrying overnight risk in the option book.

  • And we’re structuring the portfolio so any big gap moves in Bitcoin can be leveraged.

This is classic H.E.A.T. Formula, defined below:

  • Hedges: Short‑dated options and cash/T‑bill backing, not junk credit risk.

  • Edges: Structural edge from a derivatives calendar many people are ignoring.

  • Asymmetry: Potential for significant income, but minimizing the “limited up / unlimited down” profile I hate.

  • Themes: Bitcoin is a core theme for the next decade, whether Wall Street likes it or not.

Will there be volatility? Of course. This is Bitcoin.

But structurally, the move to 3x per week takes the BITK playbook and turns the dial up. 

You've potentially got more opportunities to harvest and adapt to what the market is actually doing day by day.​

If you’re an income‑focused investor who sees Bitcoin as a theme you have to have some exposure to (but you’re not willing to blow up your portfolio) you could be a great fit for BITK.

If you want to dig into how the strategy works, you’ve got two options:

Either way, don’t let Wall Street’s yield illusions fool you. The derivatives market just shifted.

I built BITK for exactly this kind of environment.​

Matt

Important Risk Information Investors should consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. This and other information can be found in the Fund’s prospectus, which may be obtained by visiting www.incomeblastetfs.com. Read the prospectus carefully before investing.

0DTE Options Risk: The Fund’s use of zero days to expiration (0DTE) options presents additional risks. Due to the short time until expiration, 0DTE options are more sensitive to sudden price movements and market volatility. Even a slight delay in execution can significantly impact the outcome of the trade. 

Bitcoin Strategy Risk: BITK does not invest directly in bitcoin. The Fund is subject to the risks associated with the iShares® Bitcoin Trust (IBIT). The price of bitcoin is highly volatile and can be influenced by many factors, including regulatory changes and market sentiment. 

Covered Call Risk: The Fund’s sold call options will limit the Fund’s participation in any gains of the underlying security (IBIT) while leaving the Fund exposed to decreases in value.

Investors should carefully consider the investment objectives, risks, charges, and expenses of the Tuttle Capital Meme Stock Income Blast ETF before investing. For a prospectus with this and other information about the fund, please call 347-852-0548 or visit the Fund’s website. Please read the prospectus carefully before investing.

Distributor: Foreside Fund Services, LLC

The views and opinions expressed herein are those of the Chief Executive Officer and Portfolio Manager for Tuttle Capital Management (TCM) and are subject to change without notice. The data and information provided is derived from sources deemed to be reliable but we cannot guarantee its accuracy. Investing in securities is subject to risk including the possible loss of principal. Trade notifications are for informational purposes only. TCM offers fully transparent ETFs and provides trade information for all actively managed ETFs. TCM's statements are not an endorsement of any company or a recommendation to buy, sell or hold any security. Trade notification files are not provided until full trade execution at the end of a trading day. The time stamp of the email is the time of file upload and not necessarily the exact time of the trades. TCM is not a commodity trading advisor and content provided regarding commodity interests is for informational purposes only and should not be construed as a recommendation. Investment recommendations for any securities or product may be made only after a comprehensive suitability review of the investor’s financial situation.© 2026 Tuttle Capital Management, LLC (TCM). TCM is a SEC-Registered Investment Adviser. All rights reserved.

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