Bitwise Asset Management has introduced a groundbreaking ETF: the Bitwise GameStop ETF (IGME). This fund marks a pivotal moment in the evolution of investment vehicles by combining a covered call income strategy with exposure to one of the most volatile and culturally significant stocks – GameStop.
Rather than simply tracking GameStop’s performance, the Bitwise GameStop ETF uses synthetic options to deliver monthly income. It also captures the crypto-driven momentum following GameStop’s $500 million Bitcoin acquisition.
A Strategic Play on Volatility
Retail investors have long driven stock surges in GameStop. Bitwise built the GameStop ETF to harness that volatility using a covered call strategy. By selling call options on GameStop’s stock, the fund provides consistent income potential, especially during unpredictable market movements.
Unlike traditional ETFs that hold shares directly, this one leverages options to replicate exposure. This model is ideal for investors who want income generation tied to a trending equity—without direct ownership risk.
GameStop’s Bitcoin Bet
GameStop’s bold move into the crypto world was confirmed with its recent disclosure of 4,710 BTC in its treasury, valued at over $500 million at the time. With more than 79 public companies now holding over $57 billion in Bitcoin, GameStop’s adoption is part of a growing trend. The Bitwise GameStop ETF gives investors a unique pathway into this narrative without needing to hold digital assets directly.
Bitwise GameStop ETF: A Hybrid Approach
The Bitwise GameStop ETF serves a dual purpose. It delivers a stream of income through a covered call strategy and offers indirect exposure to GameStop’s ongoing pivot toward digital assets. This combination is rare in the ETF space and demonstrates Bitwise’s commitment to innovation.
Jeff Park, Head of Alpha Strategies at Bitwise, shared:
“With IGME, investors now have access to an option income ETF based on an equity that sits at the intersection of retail investor popularity, a traditional revenue-generating business, and digital asset adoption.”
Expanding the Bitwise Income ETF Family
IGME joins Bitwise’s growing range of income-oriented ETFs:
- IMST – uses market-neutral strategies.
- ICOI – built around Coinbase stock options.
- IMRA – focused on Marathon Digital, a key Bitcoin miner.
Adding the Bitwise GameStop ETF strengthens this lineup and addresses increasing investor interest in crypto-aligned equities.
Low-Cost Access and Distribution Plans
With a 0.98% expense ratio, the Bitwise GameStop ETF is competitively priced for income-focused investors. The fund plans to announce its first monthly distribution on July 24, reinforcing Bitwise’s intent to deliver both innovation and accessibility.
Hunter Horsley, CEO of Bitwise, emphasized:
“We’re excited to add IGME to our suite of option income ETFs to help investors capitalize on the volatility of companies in the space.”
Final Word
The Bitwise GameStop ETF symbolizes a new era in investing, where income strategies meet crypto exposure in a regulated, familiar product. It’s built for modern investors looking to benefit from GameStop’s ongoing transformation while collecting steady income through covered calls.
