Grayscale Investments has introduced two Bitcoin outcome-oriented exchange-traded funds (ETFs): the Grayscale Bitcoin Covered Call ETF (BTCC) and the Grayscale Bitcoin Premium Income ETF (BPI). Both products are designed to leverage Bitcoin's volatility for revenue generation through options strategies. The Covered Call ETF aims to maximize income by capturing high premiums via a strategy of systematically writing calls close to spot prices, while the Premium Income ETF seeks a balance between growth and income by writing calls on Bitcoin ETFs at out-of-the-money strike prices. Grayscale emphasizes that these products will offer investors a differentiated income source, with monthly distributions. Additionally, the firm recently filed details for a new ETF involving multiple cryptocurrencies. This move continues Grayscale's efforts to expand its diverse portfolio of crypto-related financial products.

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