Grayscale has announced the launch of new Bitcoin exchange-traded funds (ETFs) with covered calls, offering new opportunities for investors.
Launch of New Grayscale Products
On April 2, 2025, Grayscale, a leading crypto asset manager, announced the launch of new Bitcoin ETFs. These products, the Grayscale Bitcoin Covered Call ETF and the Grayscale Bitcoin Premium Income ETF, will begin trading under the ticker symbols BTCC and BPI.
Details on the New ETFs
The new ETF products will offer investors access to options-based income generation via covered call strategies. These products aim to provide an opportunity to benefit from Bitcoin’s market volatility through income-focused products.
Investment Opportunities and Strategy
BTCC is described as an 'income-first strategy' leveraging Bitcoin’s volatility, and it offers investors a chance to receive regular cash flows and high yield. The product can also complement existing Bitcoin holdings by adding income. Meanwhile, the Bitcoin Premium Income ETF targets calls on BTC strike prices that are 'well out of the money,' allowing benefits from potential dividend-like income from BTC appreciation.
Both funds are actively managed, fully options-based, and aim to offer income distribution on a monthly basis.
