Major asset manager Grayscale Investments announced the launch of two new Bitcoin ETFs aimed at generating income.
New products from Grayscale
On April 2, Grayscale announced two new exchange-traded funds: the Grayscale Bitcoin Covered Call ETF (BTCC) and the Grayscale Bitcoin Premium Income ETF (BPI). Both products are designed to generate income by leveraging BTC volatility.
Specifics of ETF strategies
The Bitcoin Covered Call product aims for maximum premiums and income by systematically writing options very close to the current price. Bitcoin Premium Income seeks a balance between growth participation and income generation by targeting out-of-the-money option sales.
Recent steps of Grayscale
Recently, Grayscale filed to list an ETF containing a basket of cryptocurrencies. Nasdaq also sought SEC approval for the listing of Grayscale's Avalanche-based ETF. Grayscale is actively expanding its product line, awaiting approval for its XRP, Cardano, and other ETFs.
Grayscale's new ETFs provide investors with the opportunity to diversify their income by offering unique strategies based on Bitcoin.
