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Bitwise Asset Management Announces Monthly Distributions for Option Income Strategy ETFs

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Bitwise Asset Management, a prominent crypto asset manager, has announced the monthly distributions for its suite of Option Income Strategy Exchange Traded Funds (ETFs), including IMST, ICOI, and IMRA.The distributions are set for an Ex-Date/Record Date of June 27, 2025, with payment on July 1, 2025. Key distribution figures for each fund are as follows: the Bitwise MSTR Option Income Strategy ETF (IMST) has a distribution per share of $1.87, a 42.77% distribution rate, a 3.09% 30-day SEC yield, and 100% return of capital. The Bitwise COIN Option Income Strategy ETF (ICOI) is set for a $5.61 distribution per share, an 111.55% distribution rate, a 2.39% 30-day SEC yield, and 0.00% return of capital. The Bitwise MARA Option Income Strategy ETF (IMRA) will distribute $1.89 per share, with a 47.00% distribution rate, a 2.32% 30-day SEC yield, and 100% return of capital.The Distribution Rate reflects an annualized rate based on the most recently declared distribution, calculated by multiplying the ETF’s Distribution per Share by twelve and dividing by its most recent Net Asset Value (NAV). This rate is current as of 4 p.m. ET on June 26, 2025. The 30-day SEC yield provides an annualized estimate of earnings over a 12-month period, assuming consistent fund performance. Return of Capital indicates the estimated portion of the distribution that represents an investor’s original investment. Future distributions may vary and are not guaranteed, and the distribution may include a combination of ordinary dividends, capital gain, and return of investor capital, which can lead to a decrease in a fund’s NAV and trading price over time.For the same period, the funds reported the following returns: IMST saw a 1-month return of 7.28% and a since inception return of 19.73%. ICOI achieved a 1-month return of 5.42% and a since inception return of 28.19%. IMRA recorded a 1-month return of 2.93% and a since inception return of 15.82%. Performance data is based on past results and does not guarantee future outcomes. Short-term performance is not indicative of future fund performance. Investment return and principal value will fluctuate, meaning shares may be worth more or less than the original cost upon redemption. Returns for periods of one year or less are not annualized.The net expense ratio for each Fund is 0.98%. For ICOI and IMST, the gross expense ratio is 0.99%, with a fee waiver in effect through March 25, 2027. These funds, the Bitwise COIN Option Income Strategy ETF (ICOI), Bitwise MARA Option Income Strategy ETF (IMRA), and Bitwise MSTR Option Income Strategy ETF (IMST), do not directly invest in the shares of Coinbase (COIN), Marathon Digital Holdings (MARA), or MicroStrategy (MSTR). Instead, their strategy involves writing covered call options to generate income, with exposure to the price return of the underlying security derived synthetically.Potential investors are advised to carefully review the investment objectives, risk factors, charges, and expenses detailed in each Fund’s full or summary prospectus, available on icoietf.com, imraetf.com, and imstetf.com respectively. Key risks include market risk, covered call strategy risk (particularly due to the synthetic nature of exposure), issuer-specific risks related to the underlying companies’ substantial digital asset holdings (primarily Bitcoin), equity securities risk, and digital asset risks such as fraud, theft, security failures, and regulatory uncertainties. Additional risks involve custody, concentration, derivatives, and the inherent risks of new funds with limited operating history and non-diversification. Foreside Fund Services, LLC distributes ICOI, IMRA, and IMST, and is not affiliated with Bitwise or any of its affiliates.

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