Bitwise Asset Management has launched the Bitwise GME Option Income Strategy ETF (IGME), the first covered call ETF focused on GameStop (GME). This introduction coincides with GameStop's recent initiative of adopting Bitcoin as part of its treasury strategy, holding over $500 million in Bitcoin. Led by Jeff Park, the ETF aims to offer investors a way to generate income while tapping into GameStop's volatility and popularity in the retail and digital asset markets. The launch also follows Bitwise's other options ETFs, all designed to enhance monthly income generation for investors.
The launch of IGME marks the first covered call ETF focused on GameStop, capitalizing on investor interest from the company's recent Bitcoin treasury announcement.
"IGME is the first covered call strategy built around GameStop, a stock whose historic volatility and growth potential make it a strong fit for this approach," said Park.
GameStop's strategy includes holding Bitcoin as a core treasury asset, reflecting its transformation into a major player in the digital asset market.
By offering a covered call ETF, Bitwise aims to generate income while providing investors access to a popular stock with significant growth potential.
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