EXCLUSIVE: Bitcoin ETFs Under Pressure — Cyber Hornet CEO Explains The Volatility Gap Between IBIT And BBB
As volatility grips Bitcoin, a clear divide is emerging between pure-play crypto ETFs like the iShares Bitcoin Trust (NASDAQ:IBIT) and hybrid strategies such as the Cyber Hornet S&P 500 and Bitcoin 75/25 Strategy ETF (NASDAQ:BBB). According to Mike Willis, CEO of Cyber Hornet, the difference is not just about returns — it’s about whether investors can realistically stay invested through Bitcoin’s swings.
While spot Bitcoin ETFs have broadened access to crypto, this year’s drawdowns are testing investor conviction. Hybrid strategies, which combine Bitcoin with traditional equities, are emerging as a more measured way to hold exposure across market cycles.
“Since launch, BBB’s maximum drawdown has been approximately 25% compared to drawdowns of roughly 50% for both Bitcoin and spot Bitcoin ETFs like IBIT over the same period,” Willis said.
Performance Gap Highlights Structural Difference
The divergence is already visible. In 2026 thus far:
- IBIT is down nearly 21% year-to-date, tracking Bitcoin’s sharp decline.
- In contrast, BBB — which allocates 75% to the S&P 500 and 25% to Bitcoin — has fallen about 7% over the same period, …
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