Grayscale Debuts Income-Focused Bitcoin ETFs Amid Market Volatility
Grayscale is expanding its product lineup with two new bitcoin ETFs aimed at capturing income from crypto market swings rather than relying solely on price appreciation.
The two funds — the Grayscale Bitcoin Covered Call ETF (BTCC) and the Grayscale Bitcoin Premium Income ETF (BPI) — are scheduled to begin trading Wednesday on the New York Stock Exchange. Both will use covered call strategies to generate cash flow from bitcoin’s often unpredictable price action.
BTCC will base its strategy on the Grayscale Bitcoin Trust (GBTC), while BPI will be tied to the Grayscale Bitcoin Mini Trust (BTC), which launched in March. By selling options on these underlying assets, the ETFs aim to deliver regular income — a feature increasingly sought after in the evolving crypto investment landscape.
BTCC is designed to be more conservative, focusing on near-the-money call writing for steadier premiums. BPI will take a more aggressive approach, writing further out-of-the-money calls to allow for additional capital appreciation if bitcoin rallies.
The launch comes as bitcoin hovers near $80,000, after a volatile quarter marked by sharp drawdowns and global macro uncertainty. For investors looking to stay exposed to crypto while managing risk and seeking returns beyond price gains, Grayscale’s new offerings may hit a sweet spot.
These ETFs reflect a broader shift in the crypto investment space, where traditional financial tools are increasingly being applied to digital assets — blending income strategies with high-growth potential.
