Bitwise Funds Trust
ICOI
New York Stock Exchange Arca- -
USD
- -
- -
- -
- -
(- -)
Recent
price
- -
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- Bitwise Funds Trust - Bitwise COIN Option Income Strategy ETF (ICOI) is an actively managed exchange-traded fund launched by Bitwise Investment Manager, LLC that seeks to generate monthly income and capped upside exposure to Coinbase Global, Inc. (COIN) stock through a synthetic covered call options strategy; the fund employs both standardized exchange-traded options and FLEX options collateralized by cash and short-term U.S. Treasury securities; it provides exposure to COIN's equity performance as one of the world's largest cryptocurrency exchanges and custodians without direct holdings in the underlying shares. The ETF invests primarily in the financials sector with a focus on growth and value stocks across diversified market capitalizations via derivatives. Formed on April 1, 2025, and domiciled in the United States, ICOI trades on NYSE Arca with a net expense ratio of 0.98% (gross 0.99%, with a fee waiver through April 2, 2027). Bitwise Funds Trust operates as part of Bitwise Asset Management, Inc., a San Francisco-based global cryptocurrency asset manager founded in 2017 with headquarters at 250 Montgomery Street, Suite 200, San Francisco, California; the firm manages over $10 billion in client assets across more than 30 crypto investment products including ETFs, separately managed accounts, private funds, hedge fund strategies, and staking services; it serves over 4,000 private wealth teams, registered investment advisors, family offices, institutional investors, banks, and broker-dealers with offices in San Francisco, New York, and London. In recent developments, Bitwise Funds Trust launched ICOI in July 2025 as part of an expanded suite of option income strategy ETFs including IMST, IMRA, IGME, ICRC, and IETH, all designed to capitalize on cryptocurrency-related equity volatility through daily active management by a team of crypto and derivatives experts led by Jeff Park. The firm announced monthly distributions for ICOI and its sister funds as of November 26, 2025, with ICOI's strategy emphasizing rigorous analysis of news, sentiment, capital flows, and options markets to optimize income generation. Bitwise Asset Management crossed $5 billion in assets under management in April 2025 (up 400% for the year), completed the August 2024 acquisition of London-based ETC Group (Europe's largest physical Bitcoin ETP issuer), launched spot Bitcoin and Ethereum ETPs earlier in 2025 attracting over $3 billion in inflows, and appointed ETF industry veteran Luis Berruga as strategic advisor for partnerships, global distribution, and M&A. Additionally, in November 2024, Bitwise acquired Attestant Limited, an institutional-grade Ethereum staking provider with $3.7 billion in staked assets.