Strategic Income Play: Bitwise Bets on GameStop’s Bitcoin Pivot
Bitwise Asset Management has introduced the Bitwise GME Option Income Strategy ETF (IGME) — a covered call fund designed to capitalize on GameStop’s bold move into Bitcoin.
GameStop made headlines last month with a $500 million bitcoin purchase, following a $1.3 billion convertible debt raise aimed at repositioning the company as a crypto-treasury leader. Bitwise’s new ETF offers exposure to GME’s share price while generating income through a covered call strategy — selling options to earn premium payments.
“This product blends equity exposure with crypto conviction,” said Jeff Park, Head of Alpha Strategies at Bitwise and lead manager of the ETF. While the strategy limits upside, it appeals to investors seeking income from one of the market’s most buzzworthy stocks.
IGME is Bitwise’s fourth covered call ETF and underscores the asset manager’s push to bridge traditional finance with crypto-native narratives.
