HBIT – Hedgeye Hedged Bitcoin ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks long-term capital appreciation. The fund is an actively managed exchange-traded fund (“ETF”) that seeks long-term capital appreciation through participation in the price return of Bitcoin, through investments that provide exposure to Bitcoin or have economic characteristics similar to Bitcoin. It will gain its exposure to the Reference Asset primarily through ETFs and exchange-traded products (“ETPs”) that directly hold the Reference Asset while seeking to reduce volatility and manage downside risk through the use of options. It is non-diversified.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
HBIT	Hedgeye Hedged Bitcoin ETF	ETF	Open	—	—	Aug 26, 2026	$4.20M	0.700%	—	—	—

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