Grayscale Investments is expanding its product lineup with the introduction of two new ETFs: the Bitcoin Covered Call ETF (BTCC) and the Bitcoin Premium Income ETF (BPI), aimed at providing alternative income streams for investors. These products seek to distribute income monthly and allow institutional investors to manage their BTC exposures in various market conditions. BTCC employs strategies using options contracts based on Bitcoin ETPs, while BPI targets out-of-the-money strike prices for its call options, balancing income generation and participation in Bitcoin price increases. Additionally, Grayscale is attempting to uplist its Grayscale Digital Large Cap Fund to an ETF, which currently trades on OTC Markets and contains multiple cryptocurrencies. Other firms like Hashdex and Bitwise are also looking to launch index ETFs, indicating a growing trend in the crypto product space, pending SEC regulation.

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