Grayscale launches two new Bitcoin ETF funds, focusing on the barbell strategy.

Grayscale has just expanded its cryptocurrency investment portfolio with two new Bitcoin ETF funds, according to a statement on April 2nd. These products aim to capitalize on Bitcoin’s volatility to generate stable cash flows for investors.

Two new funds include Grayscale Bitcoin Covered Call ETF (BTCC) and Grayscale Bitcoin Premium Income ETF (BPI). Both apply an options strategy to optimize profits from Bitcoin price fluctuations.

BTCC: Maximizing income from call options

BTCC applies a covered call option strategy ( close to the spot price of Bitcoin, aiming to collect option fees and redistribute them to investors. This approach prioritizes generating stable income and limiting risks compared to direct investment in Bitcoin amid a highly volatile market.

By focusing on near-the-money options ), BTCC targets more regular cash flow rather than capital growth, suitable for investors seeking yields in a volatile cryptocurrency market without the need to sell Bitcoin directly.

Meanwhile, BPI aims for a balanced strategy between income and price appreciation potential. This fund sells out-of-the-money call options (, allowing investors to earn option premiums while also having the opportunity to benefit from the rise in Bitcoin’s price.

Grayscale Bitcoin ETF: A New Solution for Investors

Grayscale stated that both funds are actively managed and entirely based on an options strategy. Investors can receive monthly income distributions, helping to diversify income sources from cryptocurrency.

David LaValle, Global Head of ETF at Grayscale, emphasized that the new products provide added value for investors:

“We understand that each investor has their own needs, and we are pleased to introduce these products not only to generate income but also to provide distinct investment features that align with their goals.”

This move comes against the backdrop of increasing interest in cryptocurrency-related investment products in the US market. Over the past year, a series of ETF funds related to derivatives and specialized investment strategies have been launched, reflecting the growing demand for digital assets.

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