Grayscale, a well-known asset management firm from the US, has announced the launch of two new Bitcoin-related ETFs. These funds offer unique income strategies focused on market volatility.
Features of the Bitcoin Covered Call ETF
The Bitcoin Covered Call ETF aims to provide steady income by selling call options on Bitcoin-related products. This allows the fund to benefit from Bitcoin price fluctuations and ensure regular income payouts to investors. This approach focuses on options priced close to Bitcoin's current market rates.
Differences of the Bitcoin Premium Income ETF
The Bitcoin Premium Income ETF targets dual objectives: generating immediate income and enhancing capital growth. This fund will employ strategies that track the overall performance of Bitcoin ETPs, providing opportunities for investors to benefit from potential price increases.
Management and Strategies by Grayscale
Both ETFs will be actively managed by Grayscale, with plans for monthly income distributions tied to their products, such as GBTC and others. Additionally, Grayscale is planning to convert its Digital Large Cap Fund into an ETF, further diversifying its offerings.
The introduction of these innovative Grayscale funds marks a significant step in expanding digital asset investment options. The effectiveness of the implemented strategies will be closely monitored as market conditions evolve.
