Bitwise Launches GME Income ETF, Riding Bitcoin Wave
Bitwise is diving deeper into crypto-equity hybrids with the launch of the IGME ETF, a fund that blends exposure to GameStop’s share price and Bitcoin enthusiasm through a covered call strategy.
The fund arrives just weeks after GameStop disclosed a $500 million Bitcoin purchase, part of a broader pivot supported by $1.3 billion in raised capital. The IGME ETF aims to offer consistent income by writing call options while giving investors access to GameStop’s upside — capped, but still crypto-infused.
“GameStop is no longer just a meme stock — it’s a Bitcoin treasury play,” Bitwise said in its announcement. “IGME captures that thesis while offering income potential.”
The ETF is managed by Jeff Park and marks Bitwise’s continued expansion into option-income products tied to crypto-aligned firms, with a Circle-focused fund also in the pipeline.
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