Tuttle Capital Bitcoin 0DTE Covered Call ETF Declares Weekly Dividend

The Tuttle Capital Bitcoin 0DTE Covered Call ETF (BITK) has declared a weekly dividend of $0.04 per share [1, 2].

This distribution reflects the fund's strategy of using zero-days-to-expiration (0DTE) options to generate income from Bitcoin price volatility. For investors, these frequent payouts provide a consistent cash flow stream that differs from the traditional buy-and-hold approach to cryptocurrency assets.

According to the fund's announcement, the dividend is payable on July 6 [1, 2]. To be eligible for the payment, investors must have been shareholders of record by July 2 [1, 2]. The ex-dividend date was also set for July 2 [1, 2].

The $0.04 payout [1, 2] is distributed on a weekly basis, highlighting the aggressive income-generation goal of the BITK ETF. By selling covered calls that expire within a single day, the fund attempts to capture premium income while maintaining exposure to the underlying Bitcoin market.

Financial analysts monitor these distributions to gauge the effectiveness of the 0DTE strategy in varying market conditions. The ability to maintain a steady weekly payout depends heavily on the implied volatility of Bitcoin and the fund's success in managing its options overlays.

Investors are advised to review the specific record dates to ensure eligibility for the July 6 payment [1, 2]. The fund continues to operate as a tool for those seeking yield within the digital asset ecosystem, balancing the risks of capped upside with the benefit of regular dividends.