Key stats
About Bitwise Funds Trust Bitwise COIN Option Income Strategy ETF
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Inception date
Apr 1, 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
ICOI aims to generate monthly income while providing exposure to the price returns of Coinbase Global Inc. stock (COIN), 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 COIN 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 COIN at a strike price of approximately 0%-15% above its current share price. This limits participation in potential gains if COIN 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 COIN stocks. Thus, investors are not entitled to any COIN dividends.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Cash
Bonds, Cash & Other100.00%
Cash125.40%
Mutual fund2.26%
Rights & Warrants−27.66%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
ICOI last dividends amounted to 9.24 USD. The year before, the issuer paid 5.61 USD in dividends, which shows a 39.32% increase.
ICOI assets under management is 11.84 M USD. It's risen 165.37% over the last month.
ICOI fund flows account for 12.19 M 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.
Yes, ICOI pays dividends to its holders with the dividend yield of 176.63%. The last dividend (Jul 29, 2025) amounted to 9.24 USD. The dividends are paid annually.
ICOI shares are issued by Bitwise Asset Management, Inc. under the brand Bitwise. The ETF was launched on Apr 1, 2025, and its management style is Active.
ICOI expense ratio is 0.98% meaning you'd have to pay 0.98% of your investment to help manage the fund.
ICOI follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
ICOI invests in cash.
ICOI trades at a premium (0.11%) meaning the ETF is trading at a higher price than the calculated NAV.