According to Matt_Hougan, Bitwise has launched IGME, the first covered call ETF focused on GameStop, allowing investors to access options income strategies linked to GME without direct exposure to the stock itself (source: Matt_Hougan on Twitter, June 10, 2025). This ETF introduces a new way for traders to generate yield from GME volatility, and its innovative structure may set a precedent for similar options income products tied to highly volatile equities. For the crypto market, the launch signals increasing convergence between traditional derivatives strategies and speculative retail assets, potentially accelerating demand for crypto-based option income products and driving greater liquidity and innovation in the DeFi options sector.