Bitwise Unveils 3 New ETFs to Help Investors Profit from Crypto Volatility

Leading asset manager Bitwise has launched three option income strategy ETFs to help investors capitalize on the volatility in the crypto market. The ETFs are Bitwise MARA Option Income Strategy ETF (IMRA), Bitwise COIN Option Income Strategy ETF (ICOI), and Bitwise MSTR Option Income Strategy ETF (IMST).  Notably, Bitwise designed the ETFs to give investors exposure to stocks of three crypto-related companies: Coinbase (COIN), Strategy (MSTR), and Mara Holdings (MARA).  Funds Features  The funds will generate income by selling out-of-the-money call options on COIN, MSTR, and MARA while maintaining a long position in the underlying stocks. Bitwise will distribute the income to investors monthly upon selling the call options.  Foreside Fund Services, LLC, will distribute the newly launched ETFs. It is noteworthy that Foreside is not affiliated with Bitwise or any of the company’s associates.  Active Management  A portfolio management team from Bitwise, led by Jeff Park, the company's head of Alpha Strategies, will manage the funds daily.  Furthermore, the team, which consists of four members, will actively monitor developments within the crypto market. This includes industry capital flows, market sentiment, option pricing, regulatory updates, and other crypto-related developments.  The active management of these funds is crucial in ensuring that investors remain exposed to the underlying stocks' performance and participate in the income generated from the options.  https://twitter.com/BitwiseInvest/status/1907780427001073703 Caveat  Meanwhile, Bitwise urged potential investors to consider the investment objectives, risks, expenses, and charges before investing in the ETFs. It clarified that investing in ETFs does not give investors direct ownership of the underlying stocks.  Furthermore, Bitwise highlighted a covered call risk whereby income generated from the options sale may be insufficient to offset losses if the underlying stock’s price crashes.  Notably, Bitwise remains one of the largest crypto index fund managers. It boasts over $5 billion in assets under management (AUM) across its investment products, including its dual Bitcoin and Ethereum ETF .  The company seeks to introduce more investment products, particularly spot crypto ETFs, in the United States. It has filed with the U.S. SEC to launch separate ETFs for XRP , Dogecoin , Aptos, and Solana. The SEC has acknowledged these filings, with sources speculating that some of the funds, especially those tied to XRP and Solana, might launch this year.