Grayscale, a main asset manager of Crypto, introduced two new Bitcoin ETFs, offering investors a new way to win income while holding BTC. These ETFs, Bitcoin Covered Call ETF (BTCC) and Bitcoin Premium Income ETF (BPI), use covered call strategies to generate yields, which makes them different from traditional bitcoin funds.
BTCC: a income strategy before income
First, Bitcoin Crooved Call Etf (BTCC), which favors the generation of income. He succeeds by systematically writing calls for tablets on products negotiated in Bitcoin exchange, including the Grayscale Bitcoin Trust Etf (GBTC) and the Grayscale Bitcoin Mini Trust ETF (BTC).
It also provides a safety net in the event of a market slowdown, which makes it attractive for those who seek to balance the risk and the reward.
BPI: Balance income and increase
Second, we have the Grayscale Bitcoin Premium Instrument ETF (BPI), which adopts a different approach. Unlike BTCC, BPI writes calls for much higher complex prices, which means that investors can still benefit from the potential Bitcoin increase while earning additional income.
This strategy allows them to capture more upwards compared to BTCC while maintaining a certain level of risk management
Benefiting from Bitcoin ETF
Interestingly, BTCC and BPI do not hold Bitcoin directly but rather follow other ETF Bitcoin. This includes Bitcoin Trust from Grayscale (GBTC) and Bitcoin Mini Trust (BTC). In doing so, they provide an exposure to Bitcoin without the direct risks of holding the cryptocurrency.
However, David Lavalle, world chief of Graycale ETFs, explains the value that these funds bring to investors. According to Lavalle, BTCC completes existing Bitcoin holdings by adding income, while BPI offers a more strategic alternative to direct Bitcoin property, balancing upward potential with coherent income.
Growing need for income -based Bitcoin products
The institutional interest in Bitcoin has increased since the launch of the ETF Spot in January 2024. However, the volatility of Bitcoin remains important. After an increase of 48% in T4 2024, Bitcoin lost 12% in T1 2025, contrasting with its first quarters historically solid in 2023 and 2024.
Consequently, there is an increasing demand for Bitcoin products generating income such as Graycale ETFs to help investors manage volatility.
With these new funds, Graycale aims to fill this gap by offering income -based strategies that help amortize the volatile Bitcoin prices oscillations.
