Bitwise Asset Management is pushing the envelope with the introduction of the IGME GameStop ETF, the first covered call exchange-traded fund focused on GameStop. This ETF is a blend of traditional option income strategies and exposure to the digital asset revolution, as GameStop continues to make waves with its Bitcoin investments.
A Strategic Launch Rooted in Market Volatility
The IGME GameStop ETF is engineered to generate monthly returns by selling call options on GameStop’s stock. This synthetic covered call method allows investors to earn income from the stock’s volatility without directly holding it. At the same time, it creates indirect access to GameStop’s evolving financial playbook.
Jeff Park, Head of Alpha Strategies at Bitwise, highlighted:
“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.”
GameStop’s Treasury Shift to Bitcoin
In a striking move, GameStop disclosed its acquisition of 4,710 Bitcoin, worth over $500 million, signaling its deepening commitment to crypto. This positions GameStop among the top public companies holding BTC, aligning with a global trend where over 79 corporations now collectively hold $57 billion in Bitcoin, according to Bitcoin Asset Management.
By investing in the IGME GameStop ETF, individuals can participate in GameStop’s crypto evolution through a conventional investment vehicle.
IGME GameStop ETF: Blending Stocks and Crypto Access
The IGME GameStop ETF stands out for its dual nature. It offers a consistent monthly income via options while allowing exposure to a stock at the heart of the retail investor revolution and digital finance transformation. Rather than owning GameStop shares directly, the ETF implements synthetic strategies for tax and risk efficiency.
Part of a Broader Income ETF Suite
IGME joins Bitwise’s suite of innovative income ETFs:
- ICOI, targeting Coinbase-related option income
- IMST, focused on market-neutral strategies
- IMRA, linked to Marathon Digital, a Bitcoin mining powerhouse
With the IGME GameStop ETF, Bitwise extends its reach into one of the most talked-about equities with a growing footprint in digital assets.
Low Barriers, Big Potential
Priced with an expense ratio of just 0.98%, the IGME aims to offer both accessibility and performance. Its first monthly distribution is expected on July 24, aligning with Bitwise’s broader goal to offer cutting-edge, income-focused products that adapt to financial market evolution.
Hunter Horsley, CEO of Bitwise, emphasized:
“Our mission is to help investors gain access to the full range of opportunities emerging in crypto. IGME is the latest expression of that.”
Why IGME Could Reshape ETF Investing
The IGME GameStop ETF is more than a financial product. It is a symbol of how legacy finance can embrace crypto innovation. IGME offers a unique, well-balanced solution. It is designed for income-seeking investors. These investors want exposure to emerging financial narratives. They do not want to directly dive into crypto assets.