Grayscale Investments has entered the exchange-traded fund (ETF) market, launching two new products focused on Bitcoin (BTC). These innovative funds aim to capitalize on market volatility while targeting different investment strategies. The Grayscale Bitcoin Covered Call ETF (BTCC) seeks consistent returns by selling call options near Bitcoin’s spot price, protecting against losses and potentially maximizing profits if prices rise. Meanwhile, the Grayscale Bitcoin Premium Income ETF (BPI) focuses on long-term appreciation through writing call options with higher strike prices, offering greater upside potential but potentially less dividend income. 2023 has seen a surge in demand for ETFs tied to the cryptocurrency market, prompting Grayscale’s expansion into this space. While recent volatility has impacted Bitcoin’s price, these new offerings have attracted investors despite a slight dip.