| Investment Objective: |
Bitwise Ethereum Option Income Strategy ETF primary investment objective is to provide current income. The Fund's secondary investment objective is to provide exposure to the price return of one or more exchange-traded products that provide exposure ether, subject to a limit on potential investment gains. The Fund is an actively managed ETF that seeks to provide current income while providing exposure to the share price (i.e., the price returns) of one or more exchange-traded products that hold ether directly or provide exposure to ether through investments in futures contracts that utilize ether as a reference asset (each, an "Ether ETP," and together, the "Ether ETPs"), subject to a limit on potential investment gains. The Fund seeks to achieve these investment objectives through the use of a synthetic covered call strategy. The Fund seeks to provide its synthetic exposure to the price return of the Ether ETP(s) through the purchase and sale of a combination of call and put option contracts that utilize an Ether ETP as the reference asset ("Ether ETP Call Options" and "Ether ETP Put Options," respectively, and together, "Ether ETP Options"). The Fund will also sell Ether ETP Call Options in seeking to provide income in the form of option premiums. |
