/C O R R E C T I O N -- Bitwise Asset Management/

Rhea-AI Summary

Bitwise Asset Management, a crypto asset manager with $11 billion in client assets (as of April 1, 2026), plans to close and liquidate six NYSE Arca-listed option income ETFs: ICOI, IMRA, IMST, IGME, ICRC, IETH.

The last day to trade and purchase creation units is July 31, 2026. Final NAV will be calculated on August 7, 2026, with liquidation and cash distributions expected on or around August 10, 2026. Shares not sold by July 31 will be automatically redeemed for cash at NAV.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Positive

• Orderly liquidation timeline with defined trading, NAV, and payout dates
• Remaining shareholders automatically redeemed for cash at each ETF’s NAV

Negative

• Six Bitwise option income strategy ETFs, including ICOI, will close and liquidate
• Trading and creation of new units for these ETFs end July 31, 2026

News Market Reaction – ICOI

+6.70%

+6.70% News Effect

On the day this news was published, ICOI gained 6.70%, reflecting a notable positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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In the news release, Bitwise Announces Updates to ETF Lineup, issued 30-Jun-2026 by Bitwise Asset Management over PR Newswire, we are advised by the company that changes have been made. The complete, corrected release follows, with additional details at the end:

Bitwise Announces Updates to ETF Lineup

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 7, 2026	August 10, 2026
IMRA	Bitwise MARA Option Income Strategy ETF	NYSE Arca	July 31, 2026	July 31, 2026	August 7, 2026	August 10, 2026
IMST	Bitwise MSTR Option Income Strategy ETF	NYSE Arca	July 31, 2026	July 31, 2026	August 7, 2026	August 10, 2026
IGME	Bitwise GME Option Income Strategy ETF	NYSE Arca	July 31, 2026	July 31, 2026	August 7, 2026	August 10, 2026
ICRC	Bitwise CRCL Option Income Strategy ETF	NYSE Arca	July 31, 2026	July 31, 2026	August 7, 2026	August 10, 2026
IETH	Bitwise Ethereum Option Income Strategy ETF	NYSE Arca	July 31, 2026	July 31, 2026	August 7, 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

Correction: In the Final NAV Calculation Date column of the table, all instances of "August 9, 2026" have been updated to "August 7, 2026".

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 (ticker ICOI) announce about its ETF lineup on June 30, 2026?

Bitwise announced plans to close and liquidate six option income strategy ETFs, including ICOI. According to Bitwise, ICOI, IMRA, IMST, IGME, ICRC, and IETH will cease trading July 31, 2026, with final NAVs set August 7 and liquidation around August 10.

When is the last trading day for Bitwise COIN Option Income Strategy ETF (NYSE:ICOI)?

The last trading day for ICOI on NYSE Arca is July 31, 2026. According to Bitwise, July 31, 2026 is also the final day to purchase creation units before the fund’s final NAV calculation on August 7 and liquidation expected around August 10.

What happens to ICOI shareholders who hold their shares after July 31, 2026?

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

When will ICOI and the other Bitwise option income ETFs be liquidated and paid out?

ICOI and the related Bitwise ETFs are expected to be liquidated on or around August 10, 2026. According to Bitwise, final NAVs will be calculated August 7, 2026, and cash redemptions based on those NAVs should reach shareholders via brokers around August 10.

Which Bitwise ETFs are affected by the 2026 liquidation plan and on which exchange do they trade?

Six Bitwise option income strategy ETFs—ICOI, IMRA, IMST, IGME, ICRC, and IETH—are affected. According to Bitwise, all six ETFs are listed on NYSE Arca and share the same schedule: last trading day July 31, 2026, liquidation expected around August 10, 2026.