😂 Grayscale’s Bitcoin ETFs: Volatility Paychecks? 🚀

by

Grayscale has cooked up a couple of Bitcoin soufflés, and they’re calling them the Bitcoin Covered Call and Bitcoin Premium Income ETFs. Imagine, Bitcoin’s wild mood swings turned into a ‘unique’ income stream. 🤑

Enter the Bitcoin Income Wizards

According to a note from Grayscale, these two magical funds, with their covered call writing spells, aim to sprinkle investors with Bitcoin’s peculiar profit dust. 🧙‍♂️

The Bitcoin Covered Call ETF promises a steady income, like a Bitcoin ATM that spits out cash instead of cryptos. They’ll play with options on BTC’s exchange-traded products, hoping to mimic the flagship crypto’s dance moves, minus the fees and expenses, of course.

This ETF party includes Grayscale’s own Bitcoin Trust ETF (GBTC) and the Mini Trust ETF (BTC), writing calls so close to the Bitcoin price, it’s like they’re whispering sweet nothings in its ear. 🎉

Bitcoin Premium Income ETF: The Golden Goose?

Now, the Bitcoin Premium Income ETF is like a golden goose that lays options on BTC ETPs, aiming to hatch both current income and potential capital growth. 🐓

This fund, too, will dabble with GBTC and BTC, writing calls so far out-of-the-money, they might as well be on the moon. 🌙

Grayscale boasts that this strategy will let investors in on Bitcoin’s sky-high potential, all while milking it for some dividend cash. 🥛

Both funds will be Grayscale’s pets, managed with tender loving care, and they promise to share the wealth monthly. And this all happens just as Grayscale was about to turn its Digital Large Cap Fund into an ETF. Coincidence? 🤔

Bitcoin, unfazed by the drama, has bounced back to $86,000. But who’s looking at the market when there’s a Trump tariff show coming up? 📉

Read More

2025-04-02 17:48