{"id":20233,"date":"2025-04-02T13:46:55","date_gmt":"2025-04-02T13:46:55","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=20233"},"modified":"2025-04-02T13:46:55","modified_gmt":"2025-04-02T13:46:55","slug":"grayscale-lists-two-new-bitcoin-etfs-offering-income-from-btc-volatility","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=20233","title":{"rendered":"Grayscale Lists Two New Bitcoin ETFs Offering Income From BTC Volatility"},"content":{"rendered":"<div>\n<p>Crypto asset manager Grayscale has listed two new exchange-traded funds (ETFs) that offer investors a differentiated source of income through bitcoin&#8217;s (BTC) characteristic volatility.<\/p>\n<p>The two New York Stock Exchange-listed funds will start trading on Wednesday.<\/p>\n<p>The Bitcoin Covered Call ETF (BTCC) and Bitcoin Premium Income ETF (BPI) offer covered call writing strategies, which involves selling call options to generate income on the premium received. <\/p>\n<p>Call options are derivatives contracts betting on the price of an asset rising. They give the holder the right, but not the obligation, to buy the asset at a predetermined price within a define period of time.<\/p>\n<p>BTCC will write calls very close to spot prices to deliver income for investors seeking regular cash flow, with the options premiums possibly also providing a cushion against market downturns. <\/p>\n<p>BPI meanwhile will target options with strike prices that are well out-of-the-money, meaning the price is much higher than the spot price. This would allow investors to participate in much of BTC&#8217;s upside potential while possibly benefiting from some dividend income, according to an emailed announcement from Grayscale on Wednesday.<\/p>\n<p>The options contracts that both ETFs use will track other bitcoin ETFs, including Grayscale&#8217;s own Bitcoin Trust (GBTC) and Bitcoin Mini Trust (BTC).<\/p>\n<p>Despite the surge in institutional investment into BTC through spot ETFs since their introduction in January 2024, bitcoin&#8217;s volatility does not appear to be going anywhere for the time being. <\/p>\n<p>After gaining nearly 48% in the fourth quarter, the largest cryptocurrency kicked off 2025 by losing 12% in the historically bullish first quarter. It rose by 72% and 69% in the first quarters of 2023 and 2024, respectively, <a href=\"https:\/\/www.coinglass.com\/today\" target=\"_blank\">according to data tracked by Coinglass<\/a>.<\/p>\n<p>Therefore, as institutional investors increase their exposure to bitcoin, there may be more demand for products such as Grayscale&#8217;s that can offer differentiated sources of income to cushion against this volatility.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Crypto asset manager Grayscale has listed two new exchange-traded funds (ETFs) that offer investors a differentiated source of income through bitcoin&#8217;s (BTC) characteristic volatility. The two New York Stock Exchange-listed funds will start trading on Wednesday. The Bitcoin Covered Call ETF (BTCC) and Bitcoin Premium Income ETF (BPI) offer covered call writing strategies, which involves [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-20233","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/20233","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20233"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/20233\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20233"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20233"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20233"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}