Bitwise Sets $0.516 Distribution for COIN Option Income ETF, 50.68% Yield
Bitwise has declared a $0.51618 per share payout for its COIN Option Income Strategy ETF, implying a 50.68% annualized distribution entirely as return of capital. The distribution’s ex-date is March 27, payment on March 31, and the fund’s one-month return was 4.28% against -27.64% since inception.
1. Distribution Details
Bitwise declared a $0.51618 distribution per share for its COIN Option Income Strategy ETF (ICOI) with an ex-date of March 27, 2026 and a payment date of March 31, 2026.
2. Yield and Performance
The announced distribution implies a 50.68% annualized distribution rate entirely composed of return of capital. The fund posted a 4.28% one-month return and has returned -27.64% since its inception.
3. Expense Ratio and Strategy
ICOI carries a 0.98% net expense ratio (0.99% gross through an April 2, 2027 fee waiver) and employs a covered call option strategy to generate income, which may limit upside and expose shareholders to strategy-specific risks.