US -based asset manager Grayscale, Bitcoin $84,870.96 Covered Call and Bitcoin Premium INCOME ETFs. The statement said that funds aim to provide investors a different source of income associated with Bitcoin’s volatility. Grayscale pointed out that funds contain strategies that will adapt to existing market conditions.
New Bitcoin ETFs
Bitcoin Covered Call ETF is designed to provide income to investors. The Fund plans to use systematically call options on the products traded in the Bitcoin market and to benefit from the return on Bitcoin’s price movements. This strategy will be applied with the use of the fund at the level of options close to the Bitcoin price.
Grayscale: “Bitcoin Covered Call ETF aims to use Bitcoin volatility by prioritizing regular distribution of revenue to fund stakeholders.”
Opportunities offered to investors
Bitcoin Premium INCOME ETF aims to provide investors an opportunity for both available income and capital increases. This fund will be supported by strategies aimed at monitoring the overall performance of the market on Bitcoin ETPs. Option strategies within the scope of the fund focus on situations where their values are at good ends and give investors the chance to participate in the market rise.
GRAYSCALE: “Premium Income ETF has set option writing as the basic strategy for the prices of those who are systematically away from good value.”
Both funds will be actively managed by Grayscale and monthly income payments are planned. The funds were associated with Grayscale’s Bitcoin themed ETPs called GBTC and BTC.
The company applied for the transformation of Digital Large Cap Fund into ETF within the scope of the regulation process.
It is expected that funds will be launched and contribute to the expansion of the range of digital asset investment instruments. The implementation of relevant strategies can be evaluated over time according to market conditions.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
