Share this article
Bitcoin Holder GameStop Gets an ETF From Bitwise
The crypto-focused asset manager is offering a covered call strategy to provide share price exposure to GME while generating income.
Jun 11, 2025, 2:44 p.m.
Make us preferred on Google
What to know:
- Bitwise Asset Management introduced the Bitwise GME Option Income Strategy ETF (IGME).
- The ETF uses a covered call strategy to provide exposure to GameStop’s share performance and generate regular income.
- The fund is launching after GameStop’s recent purchase of 4,710 bitcoin.
Bitwise Asset Management is tapping into the fervor surrounding GameStop’s (GME) bitcoin pivot with the launch of a new exchange-traded fund designed to offer exposure to GME and income.
Dubbed the Bitwise GME Option Income Strategy ETF (IGME), the fund will apply a covered call strategy to both provide exposure to GameStop’s share performance and regular income for investors.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
GameStop purchased 4,710 BTC for over $500 million late last month, following its raising of $1.3 billion via convertible debt to initiate a bitcoin treasury strategy.
This new fund will be managed by Jeff Park, Bitwise’s Head of Alpha Strategies, alongside the firm’s portfolio management team.
Covered call strategies involve selling options on holdings to collect premiums, a method that can produce steady income, though capping upside potential.
GameStop has a compelling story, a passionate investor base, and a commitment to bitcoin,” Bitwise wrote on social media. “IGME seeks to harness that in a way that generates income and provides capped upside exposure.”
The fund is Bitwise’s fourth actively managed covered call ETF, joining a growing list of products designed to offer exposure to crypto-linked firms and income.
Bitwise has also filed to launch an ETF offering covered call strategy to generate income from holding shares of Circle (CRCL), which debuted on the New York Stock Exchange earlier this month.
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Macro fears mask Ethereum’s momentum, SharpLink CEO says
SharpLink CEO Joseph Chalom argues that macro uncertainty is hiding a massive institutional shift toward Ethereum-based tokenization.
What to know:
The context: Former BlackRock Head of Digital Assets Strategy, and SharpLink CEO, Joseph Chalom says institutional giants are betting heavily on Ethereum to serve as the global infrastructure for asset tokenization, ignoring current price stagnation.
He outlines three key drivers for a projected 10x surge in Ethereum activity this year:
- BlackRock’s Larry Fink has signaled strong conviction that Ethereum will be the "toll road" for tokenized assets.
- Over 65% of all stablecoins and tokenized assets live on Ethereum, dwarfing Solana by a factor of ten.
- High-value projects prioritize Ethereum's decade-long record of security and liquidity over faster, cheaper alternatives.
Top Stories
