Publicly traded companies have increased their bitcoin holdings, reaching a total value of approximately $57 billion.

Today, Bitwise Asset Management announced the launch of the Bitwise GME Option Income Strategy ETF (IGME), the first-ever covered call ETF centered around

Bitwise CIO Matt Hougan said bitcoin is likely headed for a decade of strong but less explosive gains, with institutional demand limiting drawdowns even as investors debate whether the four-year cycle is fading.

Bitwise said a 15% combined allocation to bitcoin and gold delivered a Sharpe ratio of 0.679 over the past decade, nearly triple a traditional 60/40 portfolio’s 0.237.