Grayscale announces the launch of Bitcoin covered call options ETF and Bitcoin premium yield ETF.

BlockBeats News, on April 2, according to official news, Grayscale Investment announced the launch of Grayscale Bitcoin Covered Call Option ETF (symbol: BTCC) and Grayscale Bitcoin Premium Income ETF (symbol: BPI). It is reported that these two funds are the first batch of exchange-traded funds (ETFs) under Grayscale to adopt a covered call option strategy, aiming to create a differentiated source of income for investors through the volatility characteristics of Bitcoin. BTCC primarily pursues stable income while participating in price fluctuations through Bitcoin-related options. The fund earns a premium by selling call options close to the current price and pays monthly dividends to investors. This strategy is suitable for investors who want to stabilize their cash flow while profiting from Bitcoin fluctuations. Royalty income can also provide a cushion in the event of a market decline. BPI retains Bitcoin upside by selling deep out-of-the-money call options while reaping the benefits. Investors can both receive some of the options income and benefit from Bitcoin’s potential gains. Both funds use an active option strategy and pay dividends on a monthly basis. BlockBeats Note: Covered Call is a strategy in options trading that refers to investors selling (i.e., “writing”) a call option on an underlying asset (such as stocks, Bitcoin ETFs, etc.) while holding that asset.