Bitwise Launches First-Ever GameStop ETF with Covered Call Strategy

Bitwise Investment has introduced a pioneering financial product, unveiling the first-ever GameStop-focused ETF employing a covered call strategy, as disclosed by Chief Investment Officer Matt Hougan on June 10. This innovative fund, identified by the ticker IGME, is designed to generate consistent income by leveraging options strategies rather than holding direct equity positions in GameStop stock. The approach allows investors to gain exposure to the gaming sector’s volatility while mitigating risk through income generation. This launch marks a significant development in the ETF landscape, offering a novel vehicle for portfolio diversification within the crypto and gaming investment space. By integrating options-based income strategies, Bitwise aims to attract investors seeking alternative yield opportunities without the inherent volatility of direct stock ownership. This strategic move underscores the evolving intersection of traditional financial instruments and emerging market trends.