IGME Bitwise GME Option Income Strategy ETF

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’s rankings, scores or comparisons.

Synthetic covered call on GME, paying monthlyBitwise0.96% feePaid monthlyFirst traded Jun 10, 2025SEC filings ↗
Ask about this fund
Share ▾
Share on XDownload as PDF

Over the year to Jul 31, 2026, IGME paid 46.5% in cash and finished 11.1 points ahead of GME.

46.5%
Cash paid, 1 year, on its starting price
+7.8%
Total return, 1 year
+11.1 pts
Against GME
20.3%
Last payout, annualized
Where the return came from
Price change −12.1%Cash paid +3.3%, reinvested+9.4 pts vs GME

Over the 3 months to Jul 31, 2026, IGME returned −8.7% with distributions reinvested and GameStop (GME) returned −18.1%, so a holder came out ahead of it by 9.4 points. The lighter segment is the 3.3% that arrived as cash rather than as price.

27.9%

Price change −12.1%Cash paid +13.5%, reinvested+10.4 pts vs GME

Over the 6 months to Jul 31, 2026, IGME returned +1.4% with distributions reinvested and GameStop (GME) returned −9.1%, so a holder came out ahead of it by 10.4 points. The lighter segment is the 13.5% that arrived as cash rather than as price.

0.0%

Price change −39.6%Cash paid +46.5%, reinvested+11.1 pts vs GME

Over the 1 year to Jul 31, 2026, IGME returned +7.8% with distributions reinvested and GameStop (GME) returned −3.3%, so a holder came out ahead of it by 11.1 points. The lighter segment is the 46.5% that arrived as cash rather than as price.

0.0%

Price change −54.4%Cash paid +40.6%, reinvested+15.0 pts vs GME

From launch to Jul 31, 2026, IGME returned −13.0% with distributions reinvested and GameStop (GME) returned −28.0%, so a holder came out ahead of it by 15.0 points. The lighter segment is the 40.6% that arrived as cash rather than as price.

0.0%

Get the weekly ETF note

Four ranked ETF lists in one email every Friday morning. Free, with no recommendations. The last note

Confirm from the link that arrives, and unsubscribe in one click. See Privacy.

WindowCash paidPriceTotal returnGMEAhead or behind
3M 3.3%−12.1%−8.7%−18.1%+9.4 pts
6M 13.5%−12.1%+1.4%−9.1%+10.4 pts
1Y 46.5%−39.6%+7.8%−3.3%+11.1 pts
Since launch 40.6%−54.4%−13.0%−28.0%+15.0 pts

Source: ETFIQ.

In plain words

Strategysynthetic covered call
BenchmarkGameStop (GME)
How the benchmark is set (ETFIQ)Its prospectus names GME as the company its options are written on (prospectus, Form 485BPOS, accession 0001213900-26-049948, filed 2026-04-30).
Paidmonthly
Last payout, annualized (ETFIQ)20.3%
Expense ratio (485BPOS XBRL, Apr 30, 2026)0.96%
Cash paid, its last 12 months, over its last price (ETFIQ)77.0%
First tradedJun 10, 2025
How this is computed
Every figure is an ETFIQ calculation from exchange prices and cash distributions (Tiingo end-of-day), total return with distributions reinvested. Return of capital is the issuer’s estimate. How these figures are computed

Questions people ask about IGME

How much did IGME pay in its last year?
Over the year to Jul 31, 2026, IGME paid 46.5% of its starting price in cash distributions, while the price fell 39.6%.
Did IGME finish ahead of GME?
Over the year to Jul 31, 2026, with every distribution reinvested, IGME returned +7.8% against −3.3% for GameStop (GME), so a holder was ahead of it by 11.1 points.
How often did IGME pay, and how much?
IGME paid monthly. Its last distribution annualized to 20.3% at its last price, on Jul 31, 2026.
What did IGME cost?
The prospectus expense ratio is 0.96% a year.
Sources and dates
Prices, IGME and GMETiingo end-of-day · Jul 31, 2026
Fee, 0.96%Prospectus filing with the expense ratio (SEC) ↗
All fund filingsFund filings on SEC EDGAR ↗
IssuerBitwise website ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement.

How these figures are computed →Standards and sources →Open data →
Cite this page

ETFIQ, IGME, income ETFs, data as of Jul 31, 2026. https://etfiq.com/funds/igme

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.

Total return
Price change plus every distribution reinvested on the day it went ex-dividend. This is what you actually ended up with, and the only fair basis for comparing with an index.
Cash paid
Distributions over the window as a share of what the fund cost at the start. A measure of cash delivered, not of return: a fund can pay a great deal and still lose money.
Ahead or behind
Total return minus benchmark total return, in percentage points. A fund can pay 12% a year and still be behind by 10 points if its price fell while the index rose.
Return of capital
The issuer’s own estimate, in a Rule 19a-1 notice, of how much of a distribution was your own money returned. An estimate and a tax characterization, not a measure of erosion.
Covered call
The fund owns the stocks and sells call options on them, collecting premium and giving up gains above the strike. Synthetic covered call funds hold options instead of the stocks. 0DTE funds sell options that expire the same day.
Autocallable
A fund that pays a coupon and can be called away early, on dates set when it launched. If it is called, you get your money back with the coupon and the run ends. If it is not, it runs on to the next date.
Barrier
The level the underlying has to stay above for you to be repaid in full. A barrier is not a buffer. A buffer takes the first slice of a fall for you; a barrier takes none of it once it breaks, so below it you take the whole fall rather than only the part past it.
Every term used here, defined in full on the income ETFs vocabulary page. →
ETF News, Aug 10, 2026→