Grayscale requests a covered call bitcoin ETF

• Grayscale Investments requests Covered-Call-Bitcoin-ETF for GBTC permission by the Sec.
• The covered call strategy uses options on Grayscale Bitcoin Trust and aims at earnings.
• The legal triumph of Grayscale shapes the developing regulatory landscape for cryptocurrencies.

The cryptocurrency administrator Grayscale Investments recently sets its strategic steps on the cryptom market Application of a covered-cin-etf .

This is done immediately after the successful introduction of its Spot-Bitcoin ETF, the Grayscale Bitcoin Trust (GBTC). The step underlines Grayscale's commitment to diversify its offer and to expand its presence in the cryptocurrency landscape.

grayscale continues its forays through the cryptoma market

The brave step of Grayscale Investments follows the approval of his Spot-Bitcoin-ETF GBTC by the US stock exchange supervisory authority Securities and Exchange Commission (sec). The covered call ETF should enable investors to achieve earnings from options on the Bitcoin Trust of Grayscale.

The Grayscale Bitcoin Trust Covered Call ETF includes the strategic sale of call options and increases the investor on through the combination of asset purchases and option letters.

The covered call strategy integrated in the ETF of Grayscale is suitable for investors who only expect minimal movements of the underlying Bitcoin price in the long term. Investors who use the covered call strategy often pursue a long-term asset conservation plan and at the same time try to achieve income from the option trade.

The step of Grayscale to introduce a covered call-bitcoin ETF is in accordance with the broader industry trend to expand the investment options on the cryptocurrency market.

background: Grayscal's trip to Bitcoin-ETFS

The advance of Grayscale in the covered call ETF area follows a complex regulatory journey. The asset management company initially faced hurdles when the SEC rejected its application to convert the existing Grayscale Bitcoin Trust into an ETF.

However, a Federal Court of Appeal decided in August 2023 in favor of Grayscale, which led to optimism and paved the way for the latest second permit.