In a most intriguing announcement, the esteemed firm of Bitwise has unveiled the inception of three active option income strategy exchange-traded funds, or ETFs, as they are commonly referred to in the parlance of our times. These funds are artfully designed to navigate the delightful yet tumultuous waters of the cryptocurrency market, with a particular focus on the esteemed performances of MSTR, COIN, and MARA.
As conveyed through a missive on the platform known as X, Bitwise has set its sights upon the noble endeavor of assisting investors in capitalizing upon the delightful volatility that characterizes the market with this triumvirate of ETFs. These active option income ETFs are, in essence, funds that procure additional income through the sale of covered calls, distributing the premiums from such transactions with a flourish.
The ETFs, bearing the distinguished tickers of $IMST, $ICOI, and $IMRA, shall operate as active option income strategy funds, promising to deliver monthly returns to their esteemed investors. This arrangement allows investors to partake in the fortunes of Strategy (MSTR), Coinbase (COIN), and MARA, all of which boast substantial holdings in Bitcoin. Indeed, it has come to my attention that MicroStrategy recently acquired a staggering 22,048 BTC, with this trio collectively holding over 500,000 BTC. Quite the impressive feat, I must say!
“IMST, ICOI, and IMRA aspire to distribute monthly income to investors whilst engaging thoughtfully in the performance of MSTR, COIN, and MARA,” the statement so eloquently declared.
In a most judicious manner, Bitwise has enlisted the expertise of its Head of Alpha Strategies, the illustrious Jeff Park, along with three distinguished members of its portfolio team to craft the options. This lean yet capable team shall maintain a long position on MSTR, COIN, and MARA, all the while considering the essential fundamentals and the art of option pricing.
It appears that Bitwise is enjoying a rather splendid streak of activity within the realm of ETFs, having recently launched the OWNB ETF to track corporate Bitcoin holders, including the illustrious Strategy and MARA holdings. Not to be outdone, the firms Fold and Bitdeer have also joined the OWNB index, adding to the excitement.
Riding the wave of this ETF fervor, Bitwise has submitted an S-1 filing for an Aptos ETF, further embellishing its impressive record. Prior to this, they had the audacity to file for a Dogecoin ETF, and subsequently proposed an Ethereum ETF staking. One must admire their ambition!
In a gesture most generous, Bitwise has contributed $150,000 to the Bitcoin community, proceeds from its Bitcoin ETF dedicated to the noble cause of open-source development. Furthermore, the firm has ventured into the realm of decentralized finance (DeFi), forging a partnership with Maple for on-chain credit. How delightfully modern!
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2025-04-03 19:01