Grayscale, a U.S.-based asset manager, has announced the launch of new ETFs aimed at generating income considering Bitcoin's volatility. These funds are tailored to adapt to current market conditions.
New Bitcoin ETFs
The Bitcoin Covered Call ETF is designed to generate income for investors. This fund plans to systematically write call options on products traded in the Bitcoin market, allowing it to benefit from Bitcoin's price movements.
Opportunities for Investors
On the other hand, the Bitcoin Premium Income ETF seeks to provide investors with opportunities for both current income generation and capital appreciation. This fund will be supported by strategies aimed at tracking the overall performance of Bitcoin ETPs in the market.
Fund Management and Prospects
Both funds will be actively managed by Grayscale, and monthly income payments are planned. They are connected to Grayscale's Bitcoin-themed ETPs, known as GBTC and BTC. The firm has also applied for the conversion of the Digital Large Cap Fund to an ETF during its regulatory process.
The launch of these funds is expected to contribute to the broadening of digital asset investment tools available. The implementation of the relevant strategies can be evaluated over time based on market conditions.
