/C O R R E C T I O N -- Bitwise Asset Management/

Bitwise Asset Management, a crypto asset manager reporting $11 billion in client assets as of April 1, 2026, announced on June 30, 2026 that it plans to close and liquidate six of its option income strategy exchange-traded funds. The affected products are the Bitwise COIN Option Income Strategy ETF (ICOI), Bitwise MARA Option Income Strategy ETF (IMRA), Bitwise MSTR Option Income Strategy ETF (IMST), Bitwise GME Option Income Strategy ETF (IGME), Bitwise CRCL Option Income Strategy ETF (ICRC), and Bitwise Ethereum Option Income Strategy ETF (IETH). All trade on NYSE Arca.

According to the company's release, the last day to create new units and the last day of trading for each fund is July 31, 2026. Final net asset value calculations are scheduled for August 7, 2026, and liquidation is set for August 10, 2026. The firm's PR Newswire release was subsequently corrected to change the Final NAV Calculation Date from August 9, 2026 to August 7, 2026.

Shareholders who do not sell their shares by July 31, 2026 will have their shares automatically redeemed for cash based on each ETF's NAV. Bitwise said the redemption proceeds are expected to reach shareholders through their brokers or other financial intermediaries on or around August 10, 2026. The release did not state the reasons for the closures.

Bitwise describes itself as a global crypto asset manager with 70 investment products spanning ETFs, staking, vaults, custom option income SMAs, tokenized funds, and private funds, and an eight-year track record. The firm states it serves institutional investors, crypto exchanges, digital asset treasury companies, high-net-worth individuals, more than 5,500 private wealth teams, RIAs and family offices, and over 20 banks and broker-dealers. The release carries standard risk disclosures, including warnings about the possible loss of principal and the unregulated nature of crypto asset markets. Bitwise ETFs are distributed by Foreside Fund Services, LLC.