A First-of-Its-Kind Hedged Bitcoin Fund Celebrated at Chicago Board Options Exchange
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DALLAS, July 23, 2025 ~ Fortuna Funds, a new player in the financial investment market, has made its debut on the Chicago Board Options Exchange (Cboe) with its first investment vehicle, the Fortuna Hedged Bitcoin Fund (HBTC). This marks a significant milestone in the world of digital investing, as HBTC sets a new standard for risk-adjusted exposure to bitcoin.

The founders of Fortuna Funds, Mark Adams and Joe Sando, were present at the Cboe to ring the ceremonial bell and celebrate their entry into the public markets. With over four decades of combined experience in financial investment management, Adams and Sando recognized a gap in the market and established Fortuna Funds to bring professional strategies to a wider range of investors through downside hedging.

HBTC is not a direct investment in bitcoin but rather manages exposure through options on bitcoin-related securities. It is the first publicly traded, hedged bitcoin exchange-traded fund (ETF) of its kind. The fund adds an actively managed, options-based hedged overlay that aims to reduce volatility while maintaining upside potential. This provides investors with an opportunity for digital asset exposure while following a disciplined and risk-adjusted approach.

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According to Sando, HBTC offers a new strategic entry point for risk-averse investors. He stated that their inaugural product is more than just a listing on Cboe; it bridges the gap between expert-level strategies and everyday investors.

The launch of HBTC on March 19, 2025, highlights Fortuna Fund's commitment to transparency, accessibility, and performance. The fund has partnered with Chicago-based Wolverine Trading as its lead market maker.

Adams expressed his excitement about HBTC's performance and their long-term vision to build a platform of hedge fund-style investments with risk-adjusted options. He added that they plan to thoughtfully expand into other high-potential sectors while remaining grounded by everyday investors and responsive to market conditions.

To learn more about Fortuna Funds and their investment strategies, interested individuals can visit their website at www.fortunafunds.com. With their innovative approach to digital investing, Fortuna Funds is poised to make a significant impact in the financial market.
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