Grayscale has filed for Bitcoin covered call ETF with the SEC today
The filing comes on the day its spot Bitcoin ETF began trading with the highest trading volume amongst the 11 approved ETFs
Digital currency asset management firm – Grayscale – seems to have decided to up its game in the Bitcoin Exchange Traded Fund (ETF) sector. The company has filed for a Bitcoin (BTC) covered call ETF with the United States Securities and Exchanges Commission (SEC). The move comes hours after reports of potential filing emerged.
A covered call ETF deploys a covered call writing strategy. This means that investors can sell their call options on Bitcoin for a premium, allowing them to make additional income and hedge against potential risks. From the buyer’s point of view, a stock can be purchased at a pre-determined price before a specific timeline.
Notably, the filing stated that the fund would not directly invest in the digital asset. But “achieve its investment objective primarily through acti
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