Bitwise to Liquidate Six Crypto Option Income ETFs
San Francisco-based Bitwise Asset Management is shuttering six of its option income strategy ETFs, marking a significant consolidation of its product lineup. The firm, which manages $11 billion in client assets, confirmed that all listed funds will cease trading and undergo liquidation by early August 2026.
The affected funds include the Bitwise COIN (ICOI), MARA (IMRA), MSTR (IMST), GME (IGME), CRCL (ICRC), and Ethereum (IETH) Option Income Strategy ETFs. All six products are listed on the NYSE Arca exchange. Investors have until the close of market on July 31, 2026, to trade their shares, after which the funds will be delisted.
Shareholders who retain their positions beyond the July 31 deadline will see their holdings automatically redeemed for cash. The firm expects to distribute the proceeds based on each ETF's final net asset value through financial intermediaries around August 10, 2026. This move follows a period of expansion for the manager, which currently maintains a diverse suite of 70 investment products ranging from private funds to tokenized assets.
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