Bitwise Announces Updates to ETF Lineup

Rhea-AI Summary

Bitwise (NYSE:ICOI) plans to close and liquidate six option income strategy ETFs: ICOI, IMRA, IMST, IGME, ICRC, and IETH. All are listed on NYSE Arca.

The last trading day is July 31, 2026, with final NAVs on August 9 and cash liquidation on August 10, 2026.

AI-generated analysis. Not financial advice.

Positive

• Clear liquidation timetable through August 10, 2026
• Automatic cash redemption at each ETF's final NAV
• Redemption proceeds expected via existing brokers or intermediaries
• Bitwise manages $11 billion in client assets as of April 1, 2026

Negative

• Closure of six Bitwise option income strategy ETFs
• Last day to trade and create units is July 31, 2026
• Investors in affected ETFs must exit or accept forced redemption
• Potential disruption for investors using these ETFs in their strategies

Key Figures

Client assets: $11 billion Last trading day: July 31, 2026 Final NAV date: August 9, 2026 +1 more

4 metrics

Client assets $11 billion Bitwise assets under management as of April 1, 2026

Last trading day July 31, 2026 Final day ICOI and related ETFs trade on NYSE Arca

Final NAV date August 9, 2026 Date for final NAV calculation prior to liquidation

Liquidation date August 10, 2026 Scheduled date for cash redemption to remaining shareholders

Peers on Argus

ICOI showed a modest pre‑news move with no peers in the momentum scanner, indica...

ICOI showed a modest pre‑news move with no peers in the momentum scanner, indicating trading appears stock‑specific rather than part of a broader sector rotation.

Historical Context

3 past events · Latest: Jun 25 (Neutral)

Pattern 3 events

Date	Event	Sentiment	Move	Catalyst
Jun 25	Monthly distribution	Neutral	+2.5%	Announcement of June 2026 monthly distribution and related yield metrics for ICOI.
May 21	Monthly distribution	Neutral	-5.5%	Declaration of May 2026 distribution with high stated rate and return of capital.
Apr 23	Monthly distribution	Neutral	-1.6%	Announcement of April 2026 distributions and disclosure of expense ratios and yield data.

Pattern Detected

Recent news has been routine distribution updates with mixed price reactions and no clear directional pattern.

Regulatory & Risk Context

Short Interest: 4.83%

Short Interest

4.83% of shares outstanding

as of 2026-06-15 Days to cover: 1.61

Short interest appears moderate, suggesting some potential for volatility but a limited likelihood of extreme short‑squeeze dynamics based solely on positioning.

Market Pulse Summary

This announcement sets a clear liquidation timeline, with final trading on July 31, 2026 and cash re...

Analysis

This announcement sets a clear liquidation timeline, with final trading on July 31, 2026 and cash redemptions around August 10, 2026. Compared with prior routine distribution news, this is a structural change; investors should track execution of the NAV-based redemption process.

Key Terms

etf, creation units, net asset value (nav)

3 terms

etf financial

"plans to close and liquidate the Bitwise COIN Option Income Strategy ETF (ICOI)"

An ETF, or exchange-traded fund, is like a basket of different investments such as stocks or bonds that you can buy or sell easily on the stock market, just like a regular share. It allows people to invest in many companies at once, making it a simple way to grow savings without picking individual stocks.

creation units financial

"Last Day to Purchase Creation Units | Last Day of Trading"

Creation units are large blocks of an exchange-traded fund’s (ETF) shares that big market players can exchange with the fund for the underlying basket of securities, or vice versa. Think of it like a bakery swapping a box of finished cookies for the exact ingredients — this mechanism helps keep the ETF’s market price close to the value of its holdings, supports liquidity, and lets investors buy or sell without large price gaps.

net asset value (nav) financial

"redeemed for cash based on each ETF's net asset value (NAV)"

Net asset value (NAV) is the per-share value of an investment fund calculated by totaling the fund’s assets, subtracting its liabilities, and dividing the remainder by the number of outstanding shares. Think of it like a price tag on each share of a collective piggy bank: investors use NAV to see what each share is worth, to compare funds, and, for many funds, it’s the price at which shares are bought or redeemed.

AI-generated analysis. Not financial advice.

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SAN FRANCISCO, June 30, 2026 /PRNewswire/ -- Bitwise Asset Management, the global crypto asset manager with $11 billion in client assets (As of April 1, 2026), plans to close and liquidate the Bitwise COIN Option Income Strategy ETF (ICOI), Bitwise MARA Option Income Strategy ETF (IMRA), Bitwise MSTR Option Income Strategy ETF (IMST), Bitwise GME Option Income Strategy ETF (IGME), Bitwise CRCL Option Income Strategy ETF (ICRC), and Bitwise Ethereum Option Income Strategy ETF (IETH).

Ticker	ETF Name	Listing Exchange	Last Day to Purchase Creation Units	Last Day of Trading	Final NAV Calculation Date	Liquidation Date
ICOI	Bitwise COIN Option Income Strategy ETF	NYSE Arca	July 31, 2026	July 31, 2026	August 9, 2026	August 10, 2026
IMRA	Bitwise MARA Option Income Strategy ETF	NYSE Arca	July 31, 2026	July 31, 2026	August 9, 2026	August 10, 2026
IMST	Bitwise MSTR Option Income Strategy ETF	NYSE Arca	July 31, 2026	July 31, 2026	August 9, 2026	August 10, 2026
IGME	Bitwise GME Option Income Strategy ETF	NYSE Arca	July 31, 2026	July 31, 2026	August 9, 2026	August 10, 2026
ICRC	Bitwise CRCL Option Income Strategy ETF	NYSE Arca	July 31, 2026	July 31, 2026	August 9, 2026	August 10, 2026
IETH	Bitwise Ethereum Option Income Strategy ETF	NYSE Arca	July 31, 2026	July 31, 2026	August 9, 2026	August 10, 2026

Shareholders who do not sell their shares of the ETFs by Friday, July 31, 2026, will have their shares automatically redeemed for cash based on each ETF's net asset value (NAV). The redemption is expected to be provided to shareholders through their brokers or other financial intermediaries on or around Monday, August 10, 2026.

About Bitwise

Bitwise Asset Management is a global crypto asset manager with more than $11 billion in client assets and a suite of 70 investment products spanning ETFs, staking, vaults, custom option income SMAs, tokenized funds, and private funds. The firm has an eight-year track record and today serves some of the world's leading institutional investors, crypto exchanges, digital asset treasury companies, and high-net-worth individuals. Bitwise also works with more than 5,500 private wealth teams, RIAs, and family offices, and over 20 banks and broker-dealers.

Risks and Important Information

Carefully consider a Fund's investment objectives, risk factors, charges, and expenses before investing. This and additional information can be found in each Fund's full or summary prospectus, which may be obtained by visiting: for ICOI, icoietf.com; for ICRC, icrcetf.com; for IETH, iethetf.com; for IGME, igmeetf.com; for IMRA, imraetf.com; for IMST, imstetf.com. Investors should read it carefully before investing.

Investing involves risk, including the possible loss of principal. There is no guarantee or assurance that a Fund's methodology will result in the Fund achieving positive investment returns or outperforming other investment products.

The technology relating to crypto assets and blockchain is new and developing. Trading in crypto assets or crypto asset derivatives comes with significant risks, including volatile market price swings or flash crashes, market manipulation, and cybersecurity risks and risk of losing principal or all of your investment. In addition, crypto asset markets and exchanges are not regulated with the same controls or customer protections available in equity, option, futures, or foreign exchange investing.

Bitwise ETFs are distributed by Foreside Fund Services, LLC, which is not affiliated with Bitwise or its affiliates.

Media Contact
Tova Kaufmann
pr@bitwiseinvestments.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/bitwise-announces-updates-to-etf-lineup-302814903.html

SOURCE Bitwise Asset Management

FAQ

What did Bitwise (NYSE:ICOI) announce about its option income ETFs on June 30, 2026?

Bitwise announced plans to close and liquidate six option income strategy ETFs. According to Bitwise, the affected tickers are ICOI, IMRA, IMST, IGME, ICRC, and IETH, all currently listed on NYSE Arca with a defined liquidation schedule.

Which Bitwise ETFs are being liquidated and what are their ticker symbols?

Bitwise is liquidating six ETFs: ICOI, IMRA, IMST, IGME, ICRC, and IETH. According to Bitwise, each is an option income strategy ETF listed on NYSE Arca, with trading ending July 31, 2026 and final NAVs calculated on August 9, 2026.

When is the last trading day for Bitwise ICOI and related ETFs on NYSE Arca?

The last trading day for ICOI, IMRA, IMST, IGME, ICRC, and IETH is July 31, 2026. According to Bitwise, this is also the last day to purchase creation units before final NAV calculation on August 9 and liquidation on August 10, 2026.

How will shareholders of Bitwise ICOI and other closing ETFs receive their money?

Shareholders who do not sell by July 31, 2026 will receive cash automatically. According to Bitwise, shares will be redeemed based on each ETF’s net asset value, with proceeds expected via brokers or financial intermediaries on or around August 10, 2026.

What dates should Bitwise ICOI investors know for NAV and liquidation?

Final NAV for ICOI and the other ETFs will be calculated on August 9, 2026. According to Bitwise, cash liquidation is scheduled for August 10, 2026, following the last trading and creation date of July 31, 2026 on NYSE Arca.

Can investors still buy or sell Bitwise ICOI before the ETF closes?

Yes, investors can trade ICOI and the other ETFs until July 31, 2026. According to Bitwise, this date is the final opportunity to buy, sell, or create units before NAV determination on August 9 and liquidation on August 10, 2026.

How large is Bitwise Asset Management compared with the ETFs it is closing?

Bitwise manages $11 billion in client assets as of April 1, 2026. According to Bitwise, this closure affects six specific option income strategy ETFs, but the announcement does not disclose what portion of total assets these particular funds represent.