{
 "ticker": "IMRA",
 "name": "Bitwise MARA Option Income Strategy ETF",
 "issuer": "Bitwise",
 "desk": "income",
 "url": "https://etfiq.com/funds/imra",
 "html": "https://etfiq.com/funds/imra",
 "markdown": "https://etfiq.com/funds/imra.md",
 "as_of": "2026-07-31",
 "verdict": "Over the year to Jul 31, 2026, IMRA paid 33.6% in cash and finished 9.8 points behind MARA.",
 "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_1_year_on_its_starting_price",
   "label": "Cash paid, 1 year, on its starting price",
   "value": "33.6%",
   "source": null,
   "as_of": "2026-07-31",
   "sentence": "IMRA, cash paid, 1 year, on its starting price: 33.6%, as of Jul 31, 2026."
  },
  {
   "key": "total_return_1_year",
   "label": "Total return, 1 year",
   "value": "\u221239.4%",
   "source": null,
   "as_of": "2026-07-31",
   "sentence": "IMRA, total return, 1 year: \u221239.4%, as of Jul 31, 2026."
  },
  {
   "key": "against_mara",
   "label": "Against MARA",
   "value": "\u22129.8 pts",
   "source": null,
   "as_of": "2026-07-31",
   "sentence": "IMRA, against MARA: \u22129.8 pts, as of Jul 31, 2026."
  },
  {
   "key": "last_payout_annualized",
   "label": "Last payout, annualized",
   "value": "9.8%",
   "source": null,
   "as_of": "2026-07-31",
   "sentence": "IMRA, last payout, annualized: 9.8%, 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": "IMRA, expense ratio: 0.96% (485BPOS XBRL, Apr 30, 2026)."
  },
  {
   "key": "benchmark",
   "label": "Benchmark",
   "value": "MARA (MARA)",
   "source": null,
   "as_of": "2026-07-31",
   "sentence": "IMRA, benchmark: MARA (MARA), as of Jul 31, 2026."
  }
 ],
 "fields": [
  {
   "key": "strategy",
   "label": "Strategy",
   "value": "synthetic covered call",
   "source": null
  },
  {
   "key": "benchmark",
   "label": "Benchmark",
   "value": "MARA (MARA)",
   "source": null
  },
  {
   "key": "how_the_benchmark_is_set",
   "label": "How the benchmark is set",
   "value": "Its prospectus names MARA 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": "9.8%",
   "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": "92.0%",
   "source": "ETFIQ"
  },
  {
   "key": "first_traded",
   "label": "First traded",
   "value": "Apr 3, 2025",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "Cash paid": "1.8%",
   "Price": "\u22128.5%",
   "Total return": "\u22127.0%",
   "MARA": "\u22121.2%",
   "Ahead or behind": "\u22125.8 pts"
  },
  {
   "window": "6 months",
   "Cash paid": "6.4%",
   "Price": "\u22125.8%",
   "Total return": "+0.6%",
   "MARA": "+19.2%",
   "Ahead or behind": "\u221218.6 pts"
  },
  {
   "window": "1 year",
   "Cash paid": "33.6%",
   "Price": "\u221263.5%",
   "Total return": "\u221239.4%",
   "MARA": "\u221229.6%",
   "Ahead or behind": "\u22129.8 pts"
  },
  {
   "window": "Since launch",
   "Cash paid": "63.1%",
   "Price": "\u221267.7%",
   "Total return": "\u221227.3%",
   "MARA": "+0.8%",
   "Ahead or behind": "\u221228.1 pts"
  }
 ],
 "questions": [
  {
   "q": "How much did IMRA pay in its last year?",
   "a": "Over the year to Jul 31, 2026, IMRA paid 33.6% of its starting price in cash distributions, while the price fell 63.5%."
  },
  {
   "q": "Did IMRA finish ahead of MARA?",
   "a": "Over the year to Jul 31, 2026, with every distribution reinvested, IMRA returned \u221239.4% against \u221229.6% for MARA (MARA), so a holder was behind it by 9.8 points."
  },
  {
   "q": "How often did IMRA pay, and how much?",
   "a": "IMRA paid monthly. Its last distribution annualized to 9.8% at its last price, on Jul 31, 2026."
  },
  {
   "q": "What did IMRA 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, IMRA, income ETFs, data as of Jul 31, 2026. https://etfiq.com/funds/imra"
}