Bitwise Funds Trust

Frequently Asked Questions About ICOI

What does ICOI invest in?

Designed to deliver regular monthly income, the Bitwise COIN Option Income Strategy ETF invests in options contracts related to Coinbase (COIN) shares. It employs a covered call strategy, aiming to profit from market volatility.

What is the expense ratio of ICOI?

Bitwise Funds Trust (ICOI) charges an expense ratio of 0.96%. This is the annual fee deducted from fund assets to cover management and operations.

What is ICOI's distribution yield?

ICOI's trailing-twelve-month yield is 292.37%, calculated from the sum of distributions over the past year divided by the current price.

How does ICOI's covered-call strategy work?

ICOI sells call options against the stocks (or index) it holds, collecting premium income that gets passed through to shareholders as distributions. The strategy generates above-market income in flat or rising markets but caps upside — when the underlying rallies past the strike, the gains above the strike go to the option buyer, not the fund.

How big is ICOI?

Bitwise Funds Trust (ICOI) manages $19.0M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is ICOI actively managed or an index fund?

ICOI's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.