Bitcoin down 29.3% YTD; cash-secured puts on Bitcoin ETFs offer income amid volatility.

Bitcoin has dropped 29.3% year-to-date, trading around $61,798, about 50% below its all-time high from October 2025. Despite this volatility, investors can use new tools like cash-secured puts on Bitcoin ETFs, such as the iShares Bitcoin Trust ETF (IBIT), to generate income and manage risk. This strategy involves selling put options secured by cash, allowing investors to earn premiums while potentially buying Bitcoin exposure at lower prices. For example, selling a $33 strike put on IBIT can yield about 2.4% over 21 days, providing income while waiting for better entry points in a volatile market.