EXCLUSIVE: ‘When Volatility Rises, Income Rises,’ How Chicago’s ETF Managers Are Monetizing Bitcoin Volatility With Options
Chicago’s deep roots in options trading and market infrastructure are fast turning it into the epicenter of the next wave in crypto ETFs, said panelists at Benzinga Fintech Day & Awards 2025, featuring Quantify Funds CEO David Dziekanski, Kelly Intelligence founder Kevin Kelly, and Cyber Hornet ETF’s Co-Founder Mike Willis. Together, the trio outlined how Chicago’s financial DNA — options, execution tech, and advisory wealth management — is powering a bridge between traditional finance and the digital-asset frontier.
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Blending Bitcoin With Traditional Markets
Willis said Cyber Hornet’s S&P 500 and Bitcoin 75/25 Strategy ETF (NASDAQ:BBB) combines 75% S&P 500 exposure with 25% Bitcoin, designed for “the Bitcoin-curious” investor base among financial advisers. The idea, he noted, is to smooth the volatility that scares many wealth managers while still offering meaningful upside if Bitcoin rallies. The fund initially launched with Bitcoin futures to avoid custody risks, but plans to shift to spot holdings in its next update.
Monetizing Crypto Volatility With Options
Kelly, whose firm oversees the Amplify Bitcoin 2% Monthly Option Income ETF (BATS:BITY) and the Amplify Bitcoin Max …
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