Grayscale Investments has launched two new exchange-traded funds (ETFs), the Bitcoin Covered Call ETF (BTCC) and the Grayscale Bitcoin Premium Income ETF (BPI), which utilize covered call strategies to provide investors with income opportunities linked to Bitcoin's price movements. While these funds do not directly offer exposure to Bitcoin, they enable investors to leverage contracts that benefit from the cryptocurrency's performance. Both funds will be traded on the New York Stock Exchange and are part of Grayscale's ongoing efforts to cater to the strong demand for digital asset-focused financial products. David LaValle, Grayscale's Global Head of ETFs, emphasized that these new offerings are designed to meet varying investor needs, either by adding income to an existing Bitcoin position or providing an alternative to direct ownership of the asset. Grayscale's previous offerings have demonstrated significant investor interest, managing nearly $100 billion across various Bitcoin funds, reflecting a growing trend of traditional finance embracing cryptocurrency investing.

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