Grayscale介绍了两个新的比特币ETF，为投资者提供了一种新的方式，可以在持有BTC的同时获得收入

领先的加密资产经理Grayscale推出了两个新的比特币ETF，为投资者提供了一种新的方式，可以在持有BTC的同时赚取收入。

Crypto asset manager Grayscale has launched two new Bitcoin ETFs focused on generating income rather than maximizing capital gains.

Crypto Asset Manager Grayscale已推出了两个新的比特币ETF，专注于产生收入，而不是最大化资本收益。

These ETFs, Bitcoin Covered Call ETF (BTCC) and Bitcoin Premium Income ETF (BPI), use covered call strategies to systematically write calls on Bitcoin exchange-traded products, including the Grayscale Bitcoin Trust ETF (GBTC) and the Grayscale Bitcoin Mini Trust ETF (BTC).

这些ETF，比特币覆盖的呼叫ETF（BTCC）和比特币高级收入ETF（BPI），使用覆盖的呼叫策略系统地对比特币交易所交易的产品进行呼叫，包括灰比特币比特币信托ETF（GBTC）和Grayscale Bitcale Bitcale Bitcoin Mini Mini Trust（BTC）。

BTCC is designed for an income-first strategy. It writes calls at close to spot prices to collect a premium and prioritize income generation. In the event of a market downturn, BTCC provides a safety net, making it attractive for those looking to balance risk and reward.

BTCC专为收入第一战略而设计。它以接近现货的价格写信，以收取溢价并确定收入的优先级。如果市场低迷，BTCC提供了一个安全网，使其对那些寻求平衡风险和回报的人有吸引力。

On the other hand, BPI writes call options at much higher strike prices, aiming to capture more upside from Bitcoin’s potential rise while still earning some additional income. This strategy allows investors to benefit from Bitcoin’s gains while maintaining a level of risk management.

另一方面，BPI以更高的打击价格写道，旨在从比特币的潜在上升中捕获更多的上升空间，同时仍获得一些额外的收入。该策略使投资者可以从比特币的收益中受益，同时保持风险管理水平。

Both BTCC and BPI do not directly hold Bitcoin but instead provide exposure to the cryptocurrency through other Bitcoin ETFs such as Grayscale’s Bitcoin Trust (GBTC) and Bitcoin Mini Trust (BTC).

BTCC和BPI都不直接持有比特币，而是通过其他比特币ETF（例如Grayscale的比特币信任（GBTC）和比特币Mini Trust（BTC））提供对加密货币的接触。

David LaValle, Grayscale’s Global Head of ETFs, highlighted the value these funds bring to investors. According to LaValle, BTCC complements existing Bitcoin holdings by adding income, and BPI serves as a more strategic alternative to direct Bitcoin ownership, balancing upside potential with consistent income.

Grayscale全球ETF负责人David Lavalle强调了这些资金给投资者带来的价值。 Lavalle认为，BTCC通过增加收入来补充现有的比特币持有量，而BPI则是直接比特币所有权的更具战略性替代方案，平衡上升潜力与一致的收入。

Institutional interest in Bitcoin has surged following the launch of spot ETFs in January 2024. However, Bitcoin’s volatility remains a concern. After a 48% surge in Q4 2024, Bitcoin lost 12% in Q1 2

在2024年1月启动现场ETF之后，对比特币的机构兴趣激增。但是，比特币的波动仍然是一个令人担忧的问题。在第二季度2024年第四季度激增48％之后，比特币在Q1 2中损失了12％