Grayscale launches two new Bitcoin outcome-oriented products
The two new Bitcoin ETFs from Grayscale aim to generate revenue through options strategies, leveraging BTC’s volatility to provide alternative income streams.
Major cryptocurrency asset manager Grayscale Investments announced two new Bitcoin outcome-oriented exchange-traded funds (ETFs).
According to an April 2 announcement, the new products are the Grayscale Bitcoin Covered Call ETF (BTCC) and the Grayscale Bitcoin Premium Income ETF (BPI). According to an email sent to Cointelegraph, the two new Bitcoin (BTC) funds are meant to generate revenue by harnessing BTC volatility:
The Bitcoin Covered Call product seeks to capture the highest premiums and maximize potential income. Grayscale suggests that it may serve as a complement to Bitcoin exposure.
