Bitwise Applies for 3 Cryptocurrency Option-Based Income ETFs

JH Kim

Summary

Bitwise has submitted an application to the SEC for three cryptocurrency option-based income ETFs.
Bitwise announced the launch of three active option income strategy ETFs based on MicroStrategy, Coinbase, and Marathon Digital.
These ETFs are structured to distribute monthly income by selling call options while holding stocks.

James Seyffart, a Bloomberg analyst, reported on the 20th (local time) via X (formerly Twitter) that Bitwise has submitted an application to the U.S. Securities and Exchange Commission (SEC) for three cryptocurrency (crypto) option-based income exchange-traded funds (ETFs) the previous day.

Previously, Bitwise announced the launch of three active option income strategy ETFs (IMST, ICOI, IMRA) based on MicroStrategy (MSTR), Coinbase (COIN), and Marathon Digital (MARA).

These ETFs are structured to distribute monthly income through a strategy of selling call options with higher strike prices while holding stocks.

JH Kim

reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.

Bitwise Applies for 3 Cryptocurrency Option-Based Income ETFs

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