Grayscale applies for a covered call Bitcoin ETF
Grayscale Investments files for covered call Bitcoin ETF post-SEC’s GBTC approval. Covered call strategy leverages options on Grayscale Bitcoin Trust, targeting income. Grayscale’s legal triumph shapes the evolving regulatory landscape for cryptocurrency. Cryptocurrency asset manager Grayscale Investments continues its strategic moves in the crypto market, recently applying for a covered call Bitcoin ETF. This comes hot on the heels of the successful launch of its spot Bitcoin ETF , the Grayscale Bitcoin Trust (GBTC). The move signifies Grayscale’s commitment to diversifying its offerings and expanding its presence in the cryptocurrency landscape. Grayscale continues crypto market forays Grayscale Investments’ bold move follows the approval of its spot Bitcoin ETF , GBTC, by the US Securities and Exchange Commission (SEC). The covered call ETF is designed to allow investors to generate income from options on Grayscale’s Bitcoi...