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Bitwise Asset Management is winding down at least two exchange-traded funds that used options strategies on crypto-linked equities, the San Francisco-based firm announced June 30, 2026.
The closures touch the Bitwise COIN Option Income Strategy ETF, ticker ICOI, and the Bitwise MARA Option Income Strategy ETF, ticker IMRA. Bitwise manages $11 billion in client assets as of April 1, 2026.
Products Targeted for Liquidation The two funds being shuttered are structured around options overlays on individual crypto-related stocks — ICOI on Coinbase Global and IMRA on Marathon Digital Holdings.
Both are option income strategies, a format that gained traction across the ETF industry as issuers packaged covered-call or similar derivatives trades into fund wrappers to generate yield-like distributions.
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