According to @Matt_Hougan, Bitwise’s alpha portfolio management team is providing an options-based income-generating solution for large Bitcoin (BTC) spot holders in partnership with Kraken Institutional, managed by Bitwise and executed entirely within Kraken’s qualified custody and OTC infrastructure (source: @Matt_Hougan on X; Kraken Institutional). Kraken Institutional described this as its first managed BTC income strategy, positioning institutional clients to pursue options-based yield directly on custodied spot BTC with professional management and integrated execution (source: Kraken Institutional).