Bitwise to Liquidate COIN Option Income Strategy ETF by August 2026
ICOI•Bitwise Asset Management will cease creation and close the COIN Option Income Strategy ETF on July 31, 2026, with last trading on August 9 and final NAV calculation that day. Shares not sold by July 31 will be automatically redeemed for cash on August 10 based on NAV.
1. Liquidation Timeline
Bitwise has set July 31, 2026, as the final day to purchase or create units of the COIN Option Income Strategy ETF, with the last day of trading and NAV calculation scheduled for August 9, 2026. The fund will be liquidated on August 10, 2026, following the final NAV determination.
2. Redemption Mechanics
Shareholders who retain ETF shares past the July 31 cut-off will have their positions automatically redeemed for cash on or around August 10, 2026. Redemptions will be executed by brokers or financial intermediaries and paid out based on the ETF's final NAV.
3. Impact on Investors
Investors must choose to sell shares before the purchase deadline to avoid forced redemption, which could have tax and liquidity implications. The closure marks the end of Bitwise’s COIN Option Income Strategy ETF, requiring holders to reallocate capital elsewhere.
