Traditional financial institutions are coming up with new tricks. Recent disclosures from Bloomberg analysts reveal that Tuttle Capital has submitted an ETF application called "Crypto Blast," which combines options strategies with deep digital asset allocations in a powerful, integrated approach.

How does it work exactly? The product's design is quite clever—it uses weekly-expiring put spread strategies to harvest time value and earn option premiums, while simultaneously investing idle margin funds into crypto ETFs tracking BTC, ETH, and SOL. In simple terms, it hedges volatility risk with derivatives on one hand, while indirectly gaining exposure to mainstream cryptocurrencies on the other. This structure hits a sweet spot for institutional investors who want steady cash flow but don't want to miss out on crypto market movements.

If this application gets approved, it would be a significant milestone. It signals that Wall Street is officially integrating digital assets into traditional structured products and reflects growing recognition of crypto markets as a configurable asset class. For everyday investors, this could mean a lower barrier to entry and more compliant ways to participate—no need to open separate trading accounts, just access through their broker.

Of course, it all depends on regulatory approval. As the lines between traditional finance and crypto blur, will these hybrid products become the new normal? It's something worth watching closely.