Six funds, one outcome
->Seks fonde, ét udfald
Then:The affected ETFs — ICOI, IMRA, IMST, IGME, ICRC, and IETH — used option-income strategies tied to Coinbase, Marathon Digital, Strategy, GameStop, Circle, and Ethereum. The idea was to generate steady payouts from premiums. It didn't work. Pre-liquidation assets under management totaled about $23.1 million as of late July, a fraction of what the funds once held.
Translation:De berørte ETF'er — ICOI, IMRA, IMST, IGME, ICRC og IETH — anvendte option-indkomststrategier knyttet til Coinbase, Marathon Digital, Strategy, GameStop, Circle og Ethereum. Ideen var at generere stabile udbetalinger fra præmier. Det virkede ikke. Aktiver under forvaltning før likvidation udgjorde omkring 23,1 millioner dollars i slutningen af juli, en brøkdel af hvad fondene engang havde.
Note: "option-income strategies" -> "option-indkomststrategier" or "optionsindkomststrategier". We'll use "option-indkomststrategier". "payouts" -> "udbetalinger". "premiums" -> "præmier" (in options context, it's the premium paid for options). "assets under management" -> "aktiver under forvaltning" (AUM). "fraction" -> "brøkdel". Next h2:From 25% yield to 0% SEC yield
->Fra 25% afkast til 0% SEC-afkast
Then:Annualized distribution rates in April ranged from 11.15% on IETH to 25.93% on IMST. But the 30-day SEC yield was 0% for all six funds. By June 25, Bitwise estimated that every payout from ICOI, IMRA, IMST, ICRC, and IETH was 100% return of capital. IGME was at 0% return of capital. That means investors were getting their own money back, not income. Cumulative NAV returns since inception as of June 30 ranged from -12.47% for IGME to -66.11% for IMST. Since-inception returns as of June 25 were even worse for some: IETH lost 58.34%.
Translation:Årlige distributionsrater i april varierede fra 11,15% på IETH til 25,93% på IMST. Men 30-dages SEC-afkastet var 0% for alle seks fonde. Den 25. juni vurderede Bitwise, at hver udbetaling fra ICOI, IMRA, IMST, ICRC og IETH var 100% kapitalafkast. IGME var på 0% kapitalafkast. Det betyder, at investorerne fik deres egne penge tilbage, ikke indkomst. Kumulative NAV-afkast siden start pr. 30. juni varierede fra -12,47% for IGME til -66,11% for IMST. Afkast siden start pr. 25. juni var endnu værre for nogle: IETH tabte 58,34%.
Note: "Annualized distribution rates" -> "Årlige distributionsrater" (or "annualiserede distributionsrater"? Actually "annualized" means annualized, so "annualiserede" is more precise. But in Danish we often say "årlige" for annual. I'll use "Annualiserede distributionsrater" to be accurate. But the original says "Annualized distribution rates" - so "Annualiserede distributionsrater". Also "SEC yield" - we keep "SEC-afkast". "return of capital" -> "kapitalafkast" (but careful: "return of capital" means return of principal, so it's "kapitalafkast" might be ambiguous. Actually "return of capital" is often "tilbagebetaling af kapital" or "kapitalafkast" but in finance, "return of capital" means the return of your own investment, not income. So we could say "tilbagebetaling af kapital" but that's long. We'll use "kapitalafkast" but it might be misinterpreted. Better to use "tilbagebetaling af kapital" or "return af kapital"? Actually, we can say "100% tilbagebetaling af kapital" and "0% tilbagebetaling af kapital". That's clearer. Let's use that. So: "var 100% tilbagebetaling af kapital" and "IGME var på 0% tilbagebetaling af kapital". Then "That means investors were getting their own money back, not income." -> "Det betyder, at investorerne fik deres egne penge tilbage, ikke indkomst." Good. Also "Cumulative NAV returns" -> "Kumulative NAV-afkast" (we can use "NAV-afkast" or "nettoaktiv
