BlockBeats News, April 2nd, according to official sources, Grayscale Investments announced the launch of Grayscale Bitcoin Covered Call ETF (ticker: BTCC) and Grayscale Bitcoin Premium Income ETF (ticker: BPI).

It is reported that these two funds are the first batch under Grayscale to adopt a covered call option strategy for Exchange-Traded Funds (ETFs), aiming to create a differentiated source of income for investors through Bitcoin's volatility.

BTCC primarily aims for stable income while participating in price movements through Bitcoin-related options. The fund earns premiums by selling out-of-the-money call options close to the current price and distributes dividends to investors monthly. This strategy is suitable for investors looking for stable cash flow while benefiting from Bitcoin's volatility. Premium income can also provide a certain buffer in a market downturn.

While generating income, BPI retains Bitcoin's upside potential by selling deep out-of-the-money call options. Investors can receive part of the option income and benefit from Bitcoin's potential price increase. Both funds use an active option strategy and distribute dividends monthly.

BlockBeats Note: A Covered Call is a strategy in options trading where an investor holds the underlying asset (such as stocks, Bitcoin ETFs, etc.) and sells (or "writes") a call option on that asset.