{
 "ticker": "ICRC",
 "name": "Bitwise CRCL Option Income Strategy ETF",
 "issuer": "Bitwise",
 "desk": "income",
 "url": "https://etfiq.com/funds/icrc",
 "html": "https://etfiq.com/funds/icrc",
 "markdown": "https://etfiq.com/funds/icrc.md",
 "as_of": "2026-07-31",
 "verdict": "Since it first traded on Oct 2, 2025, ICRC paid 18.9% in cash and finished 3.8 points ahead of CRCL.",
 "kept": {
  "since": "2026-07-31",
  "why": "closed",
  "sentence": "Closed on Jul 31, 2026. The exchange removed its listing on Aug 10, 2026. These are its last figures, as of the last day it traded. It is not in ETFIQ\u2019s rankings, scores or comparisons.",
  "lastTrade": {
   "date": "2026-07-31",
   "from": "its delisting record's last trading day"
  },
  "closed": {
   "closedAs": "unknown",
   "effective": "2026-08-10",
   "filed": "2026-08-10",
   "url": "https://www.sec.gov/Archives/edgar/data/1928561/000114336226000284/0001143362-26-000284-index.htm"
  }
 },
 "key_facts": [
  {
   "key": "cash_paid_since_launch_on_its_starting_price",
   "label": "Cash paid, since launch, on its starting price",
   "value": "18.9%",
   "source": null,
   "as_of": "2026-07-31",
   "sentence": "ICRC, cash paid, since launch, on its starting price: 18.9%, as of Jul 31, 2026."
  },
  {
   "key": "total_return_since_launch",
   "label": "Total return, since launch",
   "value": "\u221254.4%",
   "source": null,
   "as_of": "2026-07-31",
   "sentence": "ICRC, total return, since launch: \u221254.4%, as of Jul 31, 2026."
  },
  {
   "key": "against_crcl",
   "label": "Against CRCL",
   "value": "+3.8 pts",
   "source": null,
   "as_of": "2026-07-31",
   "sentence": "ICRC, against CRCL: +3.8 pts, as of Jul 31, 2026."
  },
  {
   "key": "last_payout_annualized",
   "label": "Last payout, annualized",
   "value": "25.4%",
   "source": null,
   "as_of": "2026-07-31",
   "sentence": "ICRC, last payout, annualized: 25.4%, as of Jul 31, 2026."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.96%",
   "source": "485BPOS XBRL, Apr 30, 2026",
   "as_of": "2026-07-31",
   "sentence": "ICRC, expense ratio: 0.96% (485BPOS XBRL, Apr 30, 2026)."
  },
  {
   "key": "benchmark",
   "label": "Benchmark",
   "value": "(CRCL)",
   "source": null,
   "as_of": "2026-07-31",
   "sentence": "ICRC, benchmark: (CRCL), as of Jul 31, 2026."
  }
 ],
 "fields": [
  {
   "key": "strategy",
   "label": "Strategy",
   "value": "synthetic covered call",
   "source": null
  },
  {
   "key": "benchmark",
   "label": "Benchmark",
   "value": "(CRCL)",
   "source": null
  },
  {
   "key": "how_the_benchmark_is_set",
   "label": "How the benchmark is set",
   "value": "Its prospectus names CRCL as the company its options are written on (prospectus, Form 485BPOS, accession 0001213900-26-049948, filed 2026-04-30).",
   "source": "ETFIQ"
  },
  {
   "key": "paid",
   "label": "Paid",
   "value": "monthly",
   "source": null
  },
  {
   "key": "last_payout_annualized",
   "label": "Last payout, annualized",
   "value": "25.4%",
   "source": "ETFIQ"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.96%",
   "source": "485BPOS XBRL, Apr 30, 2026"
  },
  {
   "key": "cash_paid_its_last_12_months_over_its_last_price",
   "label": "Cash paid, its last 12 months, over its last price",
   "value": "59.5%",
   "source": "ETFIQ"
  },
  {
   "key": "first_traded",
   "label": "First traded",
   "value": "Oct 2, 2025",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "Cash paid": "4.1%",
   "Price": "\u221234.4%",
   "Total return": "\u221231.5%",
   "CRCL": "\u221237.2%",
   "Ahead or behind": "+5.7 pts"
  },
  {
   "window": "6 months",
   "Cash paid": "14.5%",
   "Price": "\u221226.4%",
   "Total return": "\u221215.8%",
   "CRCL": "\u22122.1%",
   "Ahead or behind": "\u221213.7 pts"
  },
  {
   "window": "Since launch",
   "Cash paid": "18.9%",
   "Price": "\u221268.3%",
   "Total return": "\u221254.4%",
   "CRCL": "\u221258.2%",
   "Ahead or behind": "+3.8 pts"
  }
 ],
 "questions": [
  {
   "q": "How much did ICRC pay over its life?",
   "a": "Over the period from its first trade on Oct 2, 2025 to Jul 31, 2026, ICRC paid 18.9% of its starting price in cash distributions, while the price fell 68.3%."
  },
  {
   "q": "Did ICRC finish ahead of CRCL?",
   "a": "Over the period from its first trade on Oct 2, 2025 to Jul 31, 2026, with every distribution reinvested, ICRC returned \u221254.4% against \u221258.2% for (CRCL), so a holder was ahead of it by 3.8 points."
  },
  {
   "q": "How often did ICRC pay, and how much?",
   "a": "ICRC paid monthly. Its last distribution annualized to 25.4% at its last price, on Jul 31, 2026."
  },
  {
   "q": "What did ICRC cost?",
   "a": "The prospectus expense ratio is 0.96% a year."
  }
 ],
 "generated": "2026-10-10",
 "license": "https://etfiq.com/license/",
 "license_text": "Figures ETFIQ computes are free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.",
 "citation": "ETFIQ, ICRC, income ETFs, data as of Jul 31, 2026. https://etfiq.com/funds/icrc"
}