Grayscale推出了兩個新的以比特幣為主題的交易所交易基金（ETF），以創收為目標

Grayscale推出了兩個新的以比特幣為重點的交易所貿易資金（ETF），比特幣覆蓋的呼叫ETF（BTCC）和比特幣溢價收入ETF（BPI）。

Grayscale has announced the launch of two new exchange-traded funds (ETFs) designed to offer investors income-generating opportunities through bitcoin exposure.

Grayscale宣布推出了兩個新的交易所交易基金（ETF），旨在通過比特幣敞口為投資者提供創收機會。

As announced in a press release on Wednesday, the Grayscale Bitcoin Covered Call ETF (BTCC) and Grayscale Bitcoin Premium Income ETF (BPI) employ covered call strategies to capitalize on bitcoin’s volatility and provide potential returns.

正如周三新聞稿所宣布的那樣，灰比特幣覆蓋的呼叫ETF（BTCC）和灰比特幣溢價收入ETF（BPI）採用了涵蓋的呼叫策略來利用比特幣的波動性並提供潛在的回報。

BTCC focuses on maximizing income by writing covered call options at a premium closely tied to BTC’s spot price. This approach may help mitigate downside risks during market downturns and is designed for investors who prioritize consistent cash flow.

BTCC專注於以與BTC的現貨價格緊密相關的溢價來撰寫覆蓋的呼叫選項來最大化收入。這種方法可能有助於減輕市場下跌期間的下行風險，並專為優先級現金流優先級的投資者而設計。

In contrast, BPI adopts a more balanced strategy by writing covered call options at strike prices further out-of-the-money. This allows investors to retain some upside exposure to bitcoin’s price appreciation, similar to an ETF tracking the token itself, along with the benefit of dividend-like income.

相比之下，BPI通過以行使價格進一步撰寫有的呼叫選項來採用更加平衡的策略。這使得投資者可以保留一些對比特幣價格升值的上行接觸，類似於跟踪令牌本身的ETF，並帶來了類似股息的收入的好處。

“We understand that every investor has unique needs, and we’re excited to offer these new products that not only may capture and deliver income but also offer differentiated outcomes and behavioral characteristics tailored to their specific goals,” said David LaValle, Global Head of ETFs at Grayscale.

Grayscale全球ETF負責人David Lavalle說：“我們了解到每個投資者都有獨特的需求，我們很高興能提供這些新產品，不僅可以捕獲和提供收入，而且還提供了針對其特定目標量身定制的差異化結果和行為特徵。”

Both ETFs are actively managed, fully options-based, and aim to distribute income monthly. By leveraging bitcoin’s distinctive properties, these funds present investors with a new way to generate yield and participate in the broader crypto market.

兩種ETF都是積極管理的，完全基於期權的，並旨在每月分配收入。通過利用比特幣的獨特財產，這些資金為投資者提供了一種新的方式來產生產量並參與更廣泛的加密市場。