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Grayscale, a U.S.-based asset manager, has announced the launch of its Bitcoin 
$80,050 Covered Call and Bitcoin Premium Income ETFs. The company stated that these funds aim to provide investors with a distinctive source of income linked to Bitcoin’s volatility. Grayscale emphasized that the strategies within the 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. The strategy will be implemented using options at levels close to the spot price of Bitcoin.
Grayscale stated, “The Bitcoin Covered Call ETF aims to leverage Bitcoin’s volatility by prioritizing regular income distribution to fund stakeholders.”
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. The options strategies within the fund will focus on situations where values are well-positioned, granting investors a chance to participate in market upswings.
Grayscale noted, “The Premium Income ETF has established writing options on those identified as good value as its fundamental strategy.”
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 the digital asset investment tools available. The implementation of the relevant strategies can be evaluated over time based on market conditions.
