Bitwise Liquidates Six Option-Income ETFs After High Returns Were Actually Return of Capital

Bitwise Asset Management has decided to liquidate six of its option-income exchange-traded funds (ETFs), which offered returns as high as 25.93% in April but ended up returning investors' own capital.

The ETFs, ICOI, IMRA, IMST, IGME, ICRC, and IETH, used option-income strategies tied to various assets such as Coinbase, Marathon Digital Holdings, Strategy, GameStop, Circle, and Ethereum.

According to the source, all six funds reported a 0% 30-day SEC yield, while remaining holders face an automatic cash redemption on or around August 10th. The final net asset value (NAV) calculation is scheduled for August 7th.