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Cryptocurrency News Articles

Grayscale Launches Two New Bitcoin ETFs: BTCC and BPI

Apr 02, 2025 at 11:09 pm

Grayscale, a well-known crypto asset manager, has announced the launch of two new exchange-traded funds (ETFs): Grayscale Bitcoin Covered Call Option ETF (code: BTCC) and Grayscale Bitcoin Premium Income ETF (code: BPI).

Grayscale Launches Two New Bitcoin ETFs: BTCC and BPI

Grayscale, a well-known crypto asset manager, announced the launch of two new exchange-traded funds (ETFs): Grayscale Bitcoin Covered Call ETF (ticker: BTCC) and Grayscale Bitcoin Premium Income ETF (ticker: BPI).

These funds are designed to capitalize on the ups and downs of Bitcoin's price, offering investors a unique way to earn income from their cryptocurrency investments.

Grayscale Bitcoin Covered Call ETF

The Grayscale Bitcoin Covered Call ETF (BTCC) will focus on generating income by systematically writing covered call options at prices close to the spot market. This strategy aims to provide a steady cash flow and potential for high returns, making it suitable for investors seeking income-generating products.

BTCC will also allow users to benefit from Bitcoin's performance through related investments, such as the Grayscale Bitcoin Trust ETF (GBTC) and Grayscale Bitcoin Mini Trust ETF (BTC).

Grayscale Bitcoin Premium Income ETF (BPI)

On the other hand, the Grayscale Bitcoin Premium Income ETF (BPI) will balance earning income with the potential for investment growth by selling options on Bitcoin at higher prices.

This will enable investors to participate in Bitcoin's potential price appreciation while collecting additional income. The ETF provides an efficient way for investors to explore the asset class without the need for direct custody of Bitcoin.

Benefits of Investing in ETFs

Both ETFs are being managed to concentrate on options trading and factor into the company's broader strategy of offering products that pay out income to investors each month.

These funds offer different benefits to suit various investors' goals and needs, according to David LaValle, head of...

The post Grayscale Launches Two New Bitcoin ETFs: Covered Call and Premium Income Funds appeared first on Benzinga.

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Other articles published on Apr 03, 2025