Key stats
About Bitwise Funds Trust Bitwise GME Option Income Strategy ETF
Home page
Inception date
Jun 10, 2025
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Bitwise Investment Manager LLC
Distributor
Foreside Fund Services LLC
IGME aims to generate current income while providing exposure to the price returns of GameStop stock (GME), subject to a cap on potential gains. The fund utilizes a synthetic covered call strategy via standardized exchange-traded and FLEX options, which consists of three elements: i) synthetic long exposure, ii) covered call writing, and iii) US Treasurys for collateral. The synthetic long exposure seeks to replicate the price movements of GME by purchasing call options and selling put options at the same strike price. To generate income, the fund will sell out-of-the-money call options on GME at a strike price of approximately 0%-15% above its current share price. This limits participation in potential gains if GME shares increase in value. The short put positions fully expose investors to the downside of the stock. Note: the fund does not invest directly in GME stocks. Thus, investors are not entitled to any GME dividends.
Classification
What's in the fund
Exposure type
Cash
Bonds, Cash & Other100.00%
Cash127.09%
Mutual fund6.39%
Rights & Warrants−33.48%
Top 10 holdings
Related funds
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
IGME trades at 38.95 USD today, its price has risen 2.34% in the past 24 hours. Track more dynamics on IGME price chart.
IGME assets under management is 384.28 K USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
IGME fund flows account for 0.00 USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
IGME invests in cash. See more details in our Analysis section.
No, IGME isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
No, IGME doesn't pay dividends to its holders.
IGME trades at a premium (0.63%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
IGME shares are issued by Bitwise Asset Management, Inc.
IGME follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jun 10, 2025.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.