Bitwise Is Shutting Down Six Crypto Option ETFs
Investors holding these option funds face automatic cash redemptions this August after SEC yields hit zero.
Advertising disclosure: we may earn a commission when you join an operator via links on this page, at no cost to you. This never dictates our ratings. How we make money
Key takeaways
- Bitwise is liquidating six crypto option exchange-traded funds.
- All six funds reported a 0% 30-day SEC yield prior to the liquidation announcement.
- Investors still holding shares will receive automatic cash redemptions in August.
Bitwise is liquidating six of its crypto option ETFs. The underlying strategy failed to generate real income, so remaining investors face automatic cash redemptions this August.
These funds grabbed attention early on by pitching payouts as high as 25%. In reality, those distributions were mostly funded by handing investors back their own principal capital, not from net trading profits. Right now, all six products report a 0% 30-day SEC yield.
Holding shares through the shutdown? You won't need to file a manual transfer. Bitwise will automatically convert remaining holdings into cash during the August payout process.
Why it matters
Double-digit yield numbers look great on paper, but big headline figures lie. When a fund pays you using your original deposit instead of actual market profit, you aren't earning income. You're getting paid back in pieces. Fund managers keep launching complex derivative products for crypto assets, so traders need to check where a yield actually comes from before buying in.
Source: CryptoSlate
Top Crypto Casinos Right Now
🇫🇷 Showing sites that accept players from France Change country
Advertising disclosure: we may earn a commission when you join an operator via links on this page, at no cost to you. This never dictates our ratings. How we make money
More info Less info
Why we chose it: Phemex is a derivatives-first venue for Europe, Asia and Latin America. Good engine, mid-size liquidity, and a blocklist that grew in 2025.
- Online since
- 2019
- Licence
- Seychelles
- KYC
- Required
Restricted countries: United Arab Emirates, Afghanistan, Australia, Belgium, Bermuda, Belarus, Ontario (Canada), China and 18 more.
More info Less info
Why we chose it: A US-oriented casino that turns away only New Jersey. The cashier takes crypto, but the site publishes fewer specifics than any operator we list.
- KYC
- Required
Restricted countries: New Jersey (US).
Priya Nair
Priya covers the AI side of crypto — agent tokens, decentralised compute and where the two industries actually meet.
