Today, Bitwise Asset Management announced the launch of the Bitwise GME Option Income Strategy ETF (IGME), the first covered call ETF centered on GameStop (GME). The fund arrives Gamestop recently made headlines for its $500 million Bitcoin treasury strategy.
Under Bitwise’s Alpha Strategies, Jeff Park, IGME is the latest addition to Bitwise’s rapidly expanding option income ETF suite. The actively managed fund aims to generate revenue through the covered call strategies while reaching investors for GameStop, the company has transformed from a shopping mall retailer to a key player in the digital asset conversation.
“Igme is the first covered call strategy developed around GameStop, and the stock’s historical volatility and growth potential makes it perfect for this approach,” Parker said. “With IGME, investors can now obtain option income ETFs based on equity-based investor popularity, traditional revenue-generating businesses and digital assets.”
GameStop recently revealed that it owns 4,710 bitcoins, worth over $500 million at the time of purchase, positioning it on an ever-increasing list of listed companies, making Bitcoin the core treasury component. According to Bitcoin Asset Management, as of March 31, 2025, more than 79 listed companies held $57 billion in collective funds, an increase of 159% over Bitcoin Asset Management.
IGME follows the launch of other option income ETFs from Bitwise, including IMST (Strategy), ICOI (Coinbase) and IMRA (Marathon Number Holding). These ETFs are designed to provide monthly revenue by leveraging synthetic call strategies that leverage options rather than direct equity holdings.
“At BITWIESS, our mission is to help investors gain access to the various opportunities that emerge in cryptocurrencies,” said Hunter Horsley, CEO of Bitwise. “We are excited to add IGME to our suite of options income ETFs to help investors take advantage of the company’s volatility in the company.”
IGME plans to announce its first monthly distribution on July 24 and will spend a 0.98% expenditure ratio.
