Bitwise MARA Option Income Strategy ETF

The Bitwise Mara Income Strategy Fund is an exchange-traded fund focused on generating consistent monthly income while providing managed exposure to the price movements of MARA Holdings, Inc., a prominent company in the bitcoin mining industry. Structured as an actively managed ETF, the fund employs a synthetic covered call strategy: it writes call options on MARA Holdings while holding a portfolio primarily composed of cash and short-term U.S. Treasury securities. This approach seeks to capture income from options premiums while offering capped participation in potential equity gains of MARA Holdings. The fund is managed by a team with extensive experience in crypto, derivatives, and active portfolio management, allowing for nimble adjustments in response to evolving market conditions. It is designed to provide investors with an alternative way to access volatility-linked yield opportunities within the cryptocurrency equity sector, without directly investing in MARA shares. As a non-diversified fund, its assets are concentrated in the industry group assigned to MARA, reflecting a focused exposure to the technology and digital asset ecosystem.