Bitwise Launches Active Option Income Strategy ETFs For MSTR, COIN, MARA

Bitwise has announced the launch of three active option income strategy exchange-traded funds  (ETFs). Designed to ride the inherent volatility of the cryptocurrency market, Bitwise’s ETFs will target the performance of MSTR, COIN, and MARA.

Bitwise Trio Of ETFs Designed To Ride Crypto Volatility

According to an announcement on X, crypto investment firm Bitwise says it is rolling out three active option income strategy ETFs. Per the announcement, Bitwise has its sights on supporting investors to capitalize on market volatility with the trio of ETFs.

Active option income ETFs are funds that generate additional income from selling covered calls and distributing the premium on sold options.

The Bitwise ETFs with the tickers $IMST, $ICOI, and $IMRA, will operate as active option income strategy funds, providing monthly returns to investors. The fund will allow investors to have exposure to Strategy (MSTR), Coinbase (COIN), and MARA, firms with significant Bitcoin holdings. Early in the week, MicroStrategy acquired 22,048 BTC, with the trio holding over 500,000 BTC.

“IMST, ICOI, and IMRA aim to distribute monthly income to investors while thoughtfully participating in the performance of MSTR, COIN, and MARA,” read the statement.

Bitwise has tapped its Head of Alpha Strategies, Jeff Park, and three top members of its portfolio team to write the options. The lean team will still maintain a long position on MSTR, COIN, and MARA while considering key fundamentals and option pricing.

A Streak Of Crypto-related ETFs For Consumers

Bitwise has a red-hot streak of ETF activity in the cryptoverse in recent weeks. The crypto investment firm launched the OWNB ETF to track corporate Bitcoin holders, including Strategy and MARA holdings. Fold and Bitdeer also recently joined the OWNB index.

Riding on the wave of ETFs, Bitwise submitted an S-1 filing for an Aptos ETF, building on its impressive streak. Before Aptos, Bitwise filed a Dogecoin ETF, following up with a proposal for its Ethereum ETF staking.

Bitwise has donated $150,000 to the Bitcoin community, proceeds from its Bitcoin ETF for open-source development. Furthermore, the firm has dabbled into decentralized finance (DeFi) striking a partnership with Maple for on-chain credit.