Bitwise unveils 3 new ETFs to capitalize on crypto volatility for monthly income
Bitwise Asset Management has rolled out three new exchange-traded funds (ETFs) designed to generate consistent monthly income by leveraging the high volatility of crypto-linked stocks, according to an April 3 statement.
The newly launched ETFs include the Bitwise Coinbase Option Income Strategy ETF (ICOI), Bitwise Marathon Digital Option Income Strategy ETF (IMRA), and Bitwise MicroStrategy Option Income Strategy ETF (IMST).
Each fund is built around a covered call strategy using Coinbase, Marathon Digital, and MicroStrategy stocks, respectively.
All three funds carry a net expense ratio of 0.98%. Additionally, ICOI and IMST have a gross expense ratio of 0.99%, but Bitwise has implemented a fee waiver for these until March 25,…
