Key stats
About Bitwise Ethereum Option Income Strategy ETF
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Inception date
Oct 2, 2025
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Bitwise Investment Manager LLC
Distributor
Foreside Fund Services LLC
ISIN
US0917488712
IETH provides exposure to the price returns of Ether-related (ETH) ETPs through a synthetic covered call strategy. The fund employs both standardized exchange-traded and FLEX options, comprising three key components: (i) synthetic long exposure, (ii) covered call writing, and (iii) US Treasurys used as collateral. The strategy begins by buying call options and selling put options on Ether ETPs, creating synthetic long exposure that participates in both price increases and decreases. To generate income, the fund writes call options with strike prices approximately 0-15% above the current market price, which caps upside gains beyond those levels. The fund regularly rolls these standardized and FLEX options upon expiration, potentially resulting in higher turnover. While this approach limits participation in potential gains if ETH appreciates, the short put positions expose investors to the full downside risk. The fund does not invest directly in ETH.
Classification
Symbol
Geography
Global
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Cash
Bonds, Cash & Other100.00%
Cash91.91%
Mutual fund7.52%
Rights & Warrants0.57%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
IETH assets under management is 531.18 K USD. It's risen 6.19% over the last month.
IETH fund flows account for 0.00 USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, IETH doesn't pay dividends to its holders.
IETH shares are issued by Bitwise Asset Management, Inc. under the brand Bitwise. The ETF was launched on Oct 2, 2025, and its management style is Active.
IETH expense ratio is 0.97% meaning you'd have to pay 0.97% of your investment to help manage the fund.
IETH follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
IETH invests in cash.
IETH trades at a premium (1.33%) meaning the ETF is trading at a higher price than the calculated NAV.