Bitwise Introduces IMST, ICOI, and IMRA ETFs

Highlights:

• Bitwise has launched three new ETFs: IMST, ICOI, and IMRA.
• These funds will generate monthly income for investors by capitalizing on crypto market volatility.
• Investors will access some of the most influential crypto firms through the ETFs.

Asset management firm Bitwise announced via an April 3 tweet that it has launched three new exchange-traded funds (ETFs). These ETFs include Bitwise COIN Option Income Strategy ETF, Bitwise COIN Option Income Strategy ETF, and MARA Option Income Strategy ETF. They will trade under the market ticker IMST, ICOI, and IMRA, respectively. Foreside Fund Services, LLC, which is not affiliated with Bitwise, will distribute these ETFs.

The asset manager stated the new ETFs will allow investors to gain exposure to some of the most influential crypto firms. These include Strategy, the largest corporate holder of Bitcoin; Coinbase, America’s largest trading platform; and Mara Holdings, an American company that mines cryptocurrencies.

UPDATE: BITWISE LAUNCHES 3 ACTIVE OPTION INCOME STRATEGY ETFS TRACKING STRATEGY, COINBASE, AND MARA

— BSCN (@BSCNews) April 3, 2025

Bitwise’s New ETFs Will Capitalize on Crypto Volatility to Generate Funds

The asset manager described these funds as option income strategies designed to help investors generate income by capitalizing on crypto volatility. According to Bitwise, the ETFs will generate money under active management from the asset manager’s Head of Alpha Strategies, Jeff Park, and three Bitwise portfolio management team members.

This setup will focus mainly on navigating daily developments in crypto. Their roles include close monitoring and analysis of industry news, capital flows, regulatory developments, options pricing, market sentiment, etc. “Do it poorly, and you miss out on the performance of the underlying stock (MSTR, COIN, MARA). Do it well, and you can participate in the performance in addition to the income generated from options,” Bitwise stated to emphasize the significance of these roles.

IMST, ICOI, and IMRA will Distribute Monthly Income

In its tweet, Bitwise revealed that IMST, ICOI, and IMRA will distribute income to investors monthly. The asset manager noted that these funds will track the performance of MSTR, COIN, and MARA. It also described how option income strategies will generate money.

Per Bitwise, the strategy entails selling out-of-the-money call options while maintaining a long position on the underlying stock. The asset manager explained that the premium from selling these options is the investors’ monthly income. It added that the fund’s strategy is subject to losses if shares of the underlying security suffer value depreciation.

Today, Bitwise is launching $IMST, $ICOI, and $IMRA: three active option income strategy ETFs.

Crypto is famous for its volatility! These new ETFs aim to help investors capitalize on that volatility.

IMST, ICOI, and IMRA aim to distribute monthly income to investors while… pic.twitter.com/LNvCSakWV1

— Bitwise (@BitwiseInvest) April 3, 2025

Covered Call Strategy Risk Concept

Bitwise described the covered call strategy as selling covered call options in return for the receipt of premiums. In this strategy, the option seller forfeits the opportunity to earn gains. However, he continues to bear the risks emanating from price declines, as the premiums obtained from the options might not be enough to offset losses during market downturns.

Like every investment scheme, Bitwise warned that its new products involved risks. “There is no guarantee or assurance that the Fund’s methodology will result in the Funds achieving positive investment returns or outperforming other investment products,” Bitwise cautioned.

Grayscale Launches Two New ETFs

Bitwise’s launch follows Grayscale’s April 2 debut of two similar funds: Grayscale Bitcoin Covered Call ETF and Grayscale Bitcoin Premium Income ETF. Crypto2Community reported the news, noting that both funds will trade under the ticker BTCC and BPI, respectively. Like Bitwise’s new ETFs, BTCC and BPI will also generate income for investors by capitalizing on the crypto market volatility.