According to Eric Balchunas, Tuttle filed for a line of single-stock Crypto Blast ETFs. source: Eric Balchunas He reports the structure uses a put spread on the underlying stock with weekly payouts. source: Eric Balchunas He adds that cash not used for margin would be invested in crypto ETFs tracking BTC, ETH, and SOL, providing additional crypto exposure. source: Eric Balchunas For traders, this design combines options income with BTC, ETH, SOL beta within one wrapper if launched. source: Eric Balchunas

According to Greeks.Live, traders in the options market are maintaining a cautiously bullish stance, focusing on the $90-$92 price zone for potential put strategies and closely monitoring maxpain levels ahead of upcoming options expirations. The community is actively trading both sides with 90/88 put spreads for end-of-week (EOW) contracts, particularly during small price dips. There is heightened attention on the possibility of a base forming this week, which could set the stage for the next directional move. Additionally, traders are concerned about billions in options potentially expiring worthless, which could amplify maxpain effects and influence short-term crypto price action (source: Greeks.Live Community Daily Digest, 2025-05-06).