Bitwise Funds Trust
IGME
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Cryptocurrency
- Address
- United States of America
- IPO Date
- Apr 1, 2025
- CIK
- 0001928561
- Website
- bitwiseinvestments.com
- Similar Companies
- Business
- Bitwise Funds Trust (IGME) is an exchange-traded fund managed by Bitwise Investment Manager, LLC that employs an actively managed synthetic covered call options strategy to generate monthly income distributions while providing capped upside exposure to the equity performance of GameStop Corp. (GME); the fund utilizes both standardized exchange-traded options and FLEX options, collateralized primarily by cash and U.S. Treasuries, without directly holding shares of GME or entitling shareholders to GME dividends. Launched on June 10, 2025, and listed on NYSE Arca under the ticker IGME, the fund targets investors seeking income from the volatility of GME, a specialty retailer embracing bitcoin as a strategic treasury asset with reported 2024 revenue of $3.8 billion and a purchase of 4,710 bitcoin valued at over $500 million. Headquartered in San Francisco, California, Bitwise Funds Trust operates as part of Bitwise Asset Management's broader suite of over 30 crypto-related investment products, including ETFs, publicly traded trusts, separately managed accounts, private funds, hedge fund strategies, and staking services focused on more than 20 crypto assets, equities, and NFT collections. In June 2025, Bitwise launched IGME as the first-ever covered call ETF based on GameStop, led by Head of Alpha Strategies Jeff Park and adding to a fast-growing series of option income strategy ETFs such as the Bitwise MSTR Option Income Strategy ETF (IMST), Bitwise COIN Option Income Strategy ETF (ICOI), and Bitwise MARA Option Income Strategy ETF (IMRA), with inaugural monthly distributions announced for these peers shortly after IGME's debut. The fund maintains an expense ratio of 0.98%, with assets under management reaching approximately $2.8 million as of late 2025, and continues to announce monthly distributions, including those in July through December 2025, though recent payouts have included 100% return of capital. Bitwise Asset Management, founded in 2017, serves over 4,000 private wealth teams, registered investment advisors, family offices, institutional investors, banks, and broker-dealers globally from offices in San Francisco, New York, and London, positioning IGME within a portfolio emphasizing crypto market expertise and derivatives management.