According to ChainCatcher, citing GlobeNewswire, Grayscale has officially announced the launch of the Grayscale Bitcoin Covered Call ETF (ticker: BTCC) and the Grayscale Bitcoin Premium Income ETF (ticker: BPI).

These two funds are reportedly the first exchange-traded funds (ETFs) in Grayscale's lineup to adopt a covered call options strategy, aimed at creating differentiated revenue sources for investors through Bitcoin's volatility characteristics.

BTCC primarily seeks stable returns while participating in price fluctuations through Bitcoin-related options. The fund earns option premiums by selling call options close to the current price and distributes monthly dividends to investors. This strategy is suitable for investors seeking stable cash flow while profiting from Bitcoin volatility. Option premium income can also provide a buffer during market downturns.

BPI generates income while selling deep out-of-the-money call options to retain Bitcoin's upside potential. Investors can receive partial option income and benefit from Bitcoin's potential price appreciation. Both funds employ an active options strategy with monthly dividend distributions.