Key stats
About Bitwise Ethereum Option Income Strategy ETF
Home page
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.
Related funds
Classification
Symbol
Geography
Global
What's in the fund
Exposure type
Cash
Bonds, Cash & Other100.00%
Cash91.67%
Mutual fund7.50%
Rights & Warrants0.83%
Top 10 holdings
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
IETH trades at 51.69 USD today, its price has risen 2.76% in the past 24 hours. Track more dynamics on IETH price chart.
IETH assets under management is 505.05 K USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
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.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
IETH invests in cash. See more details in our Analysis section.
IETH expense ratio is 0.97%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, IETH isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
No, IETH doesn't pay dividends to its holders.
IETH trades at a premium (0.43%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
IETH shares are issued by Bitwise Asset Management, Inc.
IETH follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Oct 2, 2025.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.