Grayscale Investments has submitted an updated prospectus for its Bitcoin Covered Call ETF to the U.S. Securities and Exchange Commission (SEC).
The move follows recent regulatory approvals for spot Bitcoin ETF options by the Commodity Futures Trading Commission (CFTC).
The ETF aims to combine Bitcoin exposure with income generation through options strategies.
Grayscale Bitcoin ETF Combines Income and Exposure
As with the Grayscale Bitcoin Trust (GBTC), the Bitcoin Covered Call ETF will make money by selling call options while being based on Bitcoin or GBTC.
On the one hand, however, the fund will offer exposure to Bitcoin and GBTC via active options strategies. This approach balances risk and return, hence attracting a wide variety of investors.
UPDATE: @Grayscale wasting no time after BTC ETF options approval. They’ve filed an updated prospectus for their #Bitcoin Covered Call ETF (no ticker yet)
The fund will offer exposure to $GBTC & $BTC while writing &/or
We współpracy z: https://www.thecoinrepublic.com/2024/11/20/grayscale-files-updated-prospectus-for-bitcoin-covered-call-etf-launch/
