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- Bitcoin: The One Spread No One’s Watching
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Institutions invest billions into private markets because they may provide superior market positions and steady cash flow, even in a shaky market–now you can too.
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*Source: Hamilton Lane data, Bloomberg as of January 2024. Past performance is not a guarantee of future returns.
All securities come with specific risks not limited to a total loss of your investment. Past performance is not indicative of future results. Please review the risks specific to this investment on the HLPIF deal page hosted on Republic.com/hlpif
Why This Report Matters
Bitcoin volatility has structurally declined, but that doesn’t mean the edge is gone. Instead, it’s evolved. Today’s options market consistently misprices volatility, creating reliable alpha for those who know how to extract it. This report explains why selling options still works, when to switch and buy calls instead, and how to frame your strategy in the current macro backdrop. It’s not about chasing breakouts—it’s about understanding where the inefficiencies still lie. The analysis below reveals why implied volatility remains elevated, how ETF and stablecoin flows support the thesis, and the specific trade that captures it best.
Bitcoin volatility nearing a level where big moves have occurred.
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