CandleFocus Grayscale Files Updated Prospectus for Bitcoin Covered Call ETF Following Options Approval
2024-11-19
Author: Content Editor
Grayscale Investments has filed an updated prospectus for its Bitcoin Covered Call ETF, taking swift action after the Commodity Futures Trading Commission (CFTC) approved the listing of spot Bitcoin ETF options. The ETF aims to generate income through actively managed call and put options on Bitcoin exchange-traded products, offering exposure to Bitcoin and the Grayscale Bitcoin Trust (GBTC). The fund will use a covered call strategy, selling call options to generate income while holding Bitcoin or GBTC as collateral. Grayscale's filing reflects its agility in navigating the regulatory environment and positions itself to take advantage of the growing interest in options-based crypto investments. If approved, it could pave the way for a new generation of investment products merging traditional finance strategies with digital assets.
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