Grayscale launches two Bitcoin income ETFs: BTCC and BPI

Grayscale has launched two new Bitcoin-focused ETFs—Bitcoin Covered Call ETF (BTCC) and Bitcoin Premium Income ETF (BPI), according to the GlobeNewswire press release. Both funds use options strategies on Bitcoin-linked products to generate income. BTCC prioritizes steady income through near-the-money covered calls, while BPI aims for both income and capital appreciation by writing far out-of-the-money calls. Both ETFs are actively managed and designed to offer monthly distributions.