Bitwise to Liquidate Ethereum Option Income ETF with August 10 NAV Redemption
IETH•Bitwise Asset Management will liquidate its Ethereum Option Income Strategy ETF (IETH) with the final NAV determined on August 10, 2026. Shareholders must sell or face automatic redemption at NAV if holdings remain after July 31, 2026, ceasing trading on August 9.
1. Liquidation Plan
Bitwise Asset Management has announced the closure and liquidation of the Ethereum Option Income Strategy ETF (IETH). The fund will cease accepting new purchases after July 31, 2026, run its final trading session on August 9, 2026, and determine its final NAV on August 10, 2026 before distributing proceeds.
2. Redemption Process for Shareholders
Shareholders who do not sell their shares by the July 31 cutoff will have holdings automatically redeemed for cash at the calculated NAV. Payments are expected to be delivered through brokers or financial intermediaries on or around August 10, 2026.
3. Impact on Fund and Investors
The closure of IETH marks Bitwise's exit from this specific option income strategy on Ethereum, affecting investors seeking yield via crypto derivatives. With $11 billion in client assets across its suite, the firm will focus on its remaining 70 products, reallocating resources and potentially advising affected investors on alternative strategies.
