Summary

Bitwise Asset Management has launched the Bitwise GME Option Income Strategy ETF (IGME) aimed at generating income for investors by harnessing the fervor surrounding GameStop’s recent transition to bitcoin.

Key Points:

• The ETF will use a covered call strategy to provide exposure to GameStop’s share performance and generate income.
• This product is launched following GameStop’s purchase of 4,710 BTC for over $500 million.

Additional Information

GameStop’s involvement in the cryptocurrency space is set to deepen with the support of this new ETF designed to benefit both the company’s stock performance and its investors. Understanding covered call strategies can help investors collect premiums while exposing themselves to potential market movements.