{"id":56788,"date":"2025-04-04T10:23:24","date_gmt":"2025-04-04T10:23:24","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=56788"},"modified":"2025-04-04T10:23:24","modified_gmt":"2025-04-04T10:23:24","slug":"bitwise-debuts-option-income-etfs-on-bitcoin-treasury-stocks-mstr-mara-coin","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=56788","title":{"rendered":"Bitwise Debuts Option Income ETFs on Bitcoin Treasury Stocks: MSTR, MARA, COIN"},"content":{"rendered":"

Bitcoin Magazine<\/a><\/p>\n

Bitwise Debuts Option Income ETFs on Bitcoin Treasury Stocks: MSTR, MARA, COIN<\/a><\/p>\n

<\/div>\n

Bitwise has introduced three new ETFs that provide yield-seeking investors with exposure to leading Bitcoin treasury companies, using a covered call strategy designed to capitalize on equity volatility while preserving Bitcoin-linked upside.<\/p>\n

The funds include:<\/p>\n

$IMST<\/strong>, tracking Strategy<\/strong> (formerly MicroStrategy, ticker: MSTR), which currently holds 528,185 BTC.<\/strong><\/p>\n

$IMRA<\/strong>, focused on MARA Holdings<\/strong> (MARA), a top-tier Bitcoin miner with 47,600 BTC<\/strong> in treasury.<\/p>\n

$ICOI<\/strong>, offering exposure to Coinbase<\/strong> (COIN), which holds 9,480 BTC<\/strong> and serves as a key on-ramp for institutional and retail Bitcoin adoption.<\/p>\n

Each ETF employs an actively managed options overlay, writing out-of-the-money calls on the underlying equity while maintaining a long position. This approach is designed to deliver monthly income distributions\u2014particularly attractive in today\u2019s high-volatility environment\u2014while retaining meaningful upside exposure to Bitcoin-linked companies.<\/p>\n

While none of the funds directly hold Bitcoin, all three underlying equities are deeply intertwined with Bitcoin\u2019s performance and trajectory. Strategy<\/a> and Marathon<\/a> are among the most prominent corporate holders of BTC, while Coinbase<\/a> continues to serve as critical infrastructure for the broader ecosystem.<\/p>\n

New Tools for Bitcoin-Aligned Capital Allocation<\/h3>\n

For corporate treasurers and institutional allocators who view Bitcoin as a long-term strategic asset, these new products represent a compelling way to gain indirect exposure while generating yield\u2014especially in balance sheets that can\u2019t yet directly hold BTC.<\/p>\n

The rise of equity-based strategies like this is part of a broader shift. More public companies are actively integrating Bitcoin<\/a> into their financial models, whether through direct holdings or through services and operations tied to Bitcoin mining, custody, or exchange infrastructure.<\/p>\n

What Bitwise is offering is not just exposure, but a way to monetize volatility\u2014something that Bitcoin-native companies experience more than most. Whether it\u2019s MSTR stock reacting to Bitcoin\u2019s price swings, MARA stock tracking mining difficulty and rewards, or Coinbase stock responding to changes in trading volume and regulatory sentiment, these equities are increasingly used as BTC proxies by sophisticated investors.<\/p>\n

In recent months, institutional interest in Bitcoin ETFs, mining stocks, and companies with Bitcoin treasuries has intensified, and tools like IMST, IMRA, and ICOI provide a new angle on that demand. For companies already on a Bitcoin treasury<\/a> path\u2014or considering one\u2014this evolution in capital markets infrastructure is notable.<\/p>\n

What This Signals for Bitcoin Treasury Strategy<\/h3>\n

The launch of these ETFs reflects how Bitcoin is no longer just a spot asset\u2014it\u2019s now embedded in public equity strategy, yield generation, and portfolio construction.<\/p>\n

Covered call structures won\u2019t be right for every investor or treasury, but the signal is clear: the market is maturing around the idea that Bitcoin isn\u2019t just to be held\u2014it can be actively managed, structured, and monetized in new ways.<\/p>\n

These new ETFs won\u2019t replace direct holdings on a corporate balance sheet. But they may complement them\u2014or offer a first step for firms exploring how to position around Bitcoin while still meeting traditional risk, yield, and reporting mandates.<\/p>\n

Disclaimer:<\/strong>\u00a0This content was written on behalf of Bitcoin For Corporations<\/em>.\u00a0This article is intended solely for informational purposes and should not be interpreted as an invitation or solicitation to acquire, purchase, or subscribe for securities.<\/em><\/p>\n

This post Bitwise Debuts Option Income ETFs on Bitcoin Treasury Stocks: MSTR, MARA, COIN<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Nick Ward<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine Bitwise Debuts Option Income ETFs on Bitcoin Treasury Stocks: MSTR, MARA, COIN Bitwise has introduced three new ETFs that provide yield-seeking investors with exposure to leading Bitcoin treasury companies, using a covered call strategy designed to capitalize on equity volatility while preserving Bitcoin-linked upside. The funds include: $IMST, tracking Strategy (formerly MicroStrategy, ticker: […]<\/p>\n","protected":false},"author":0,"featured_media":56789,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-56788","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/56788"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=56788"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/56788\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/56789"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=56788"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=56788"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=56788"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}