Bitcoin ETF

Bitcoin

Grayscale Bitcoin Trust

<div class="coinjournal">
 <ul>
  <li>Grayscale Investments files for covered call Bitcoin ETF post-SEC’s GBTC approval.</li>
  <li>Covered call strategy leverages options on Grayscale Bitcoin Trust, targeting income.</li>
  <li>Grayscale’s legal triumph shapes the evolving regulatory landscape for cryptocurrency.</li>
 </ul>
 <p>Cryptocurrency asset manager Grayscale Investments continues its strategic moves in the crypto market, recently applying for a covered call Bitcoin ETF.</p>
 <p>This comes hot on the heels of the successful launch of its spot <a rel="noopener noreferrer nofollow" title="Bitcoin ETF" href="https://thebittimes.com/tag/bitcoin-etf.html">Bitcoin ETF</a>, the Grayscale Bitcoin Trust (GBTC). The move signifies Grayscale’s commitment to diversifying its offerings and expanding its presence in the cryptocurrency landscape.</p>
 <h2 id="grayscale-continues-crypto-market-forays">Grayscale continues crypto market forays</h2>
 <p>Grayscale Investments’ bold move follows the approval of its spot <a rel="noopener noreferrer nofollow" title="Bitcoin ETF" href="https://thebittimes.com/tag/bitcoin-etf.html">Bitcoin ETF</a>, GBTC, by the US Securities and Exchange Commission (SEC). The <a rel="noopener noreferrer nofollow" title="covered" href="https://thebittimes.com/tag/covered.html">covered</a> call ETF is designed to allow investors to generate income from options on Grayscale’s Bitcoin Trust.</p>
 <p>The Grayscale Bitcoin Trust Covered Call ETF will involve the strategic sale of call options, enhancing investor yield by combining asset purchases with option writing.</p>
 <p>The covered call strategy incorporated in Grayscale’s ETF suits investors anticipating minimal movement in the underlying Bitcoin price over the long term. Investors employing the covered call strategy often have a long-term asset retention plan while seeking to generate income through options trading.</p>
 <p>Grayscale’s move to introduce a <a rel="noopener noreferrer nofollow" title="covered" href="https://thebittimes.com/tag/covered.html">covered</a> call <a rel="noopener noreferrer nofollow" title="Bitcoin ETF" href="https://thebittimes.com/tag/bitcoin-etf.html">Bitcoin ETF</a> aligns with the broader industry trend of expanding investment avenues in the cryptocurrency market.</p>
 <h2 id="background-grayscale-s-journey-to-bitcoin-etfs">Background: Grayscale’s journey to Bitcoin ETFs</h2>
 <p>Grayscale’s foray into the covered call ETF space comes on the heels of a complex regulatory journey. The asset management firm had initially faced hurdles when the SEC rejected its application to convert the existing Grayscale Bitcoin Trust into an ETF.</p>
 <p>However, a federal appeals court ruled in Grayscale’s favour in August 2023, prompting optimism and paving the way for the recent SEC approval.</p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/grayscale-applies-for-a-covered-call-bitcoin-etf-tbt76387.html">https://thebittimes.com/grayscale-applies-for-a-covered-call-bitcoin-etf-tbt76387.html</a></p>

Grayscale applies for a covered call Bitcoin ETF

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TheBitTimes

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