The day after its SpotBitcoin ETF was approved by the U.S. SEC, Grayscale Investments submitted an application for a so-called covered Options ETF designed to generate income from the GBTC Holdings.


"The Grayscale Bitcoin Trust Covered Options ETF is designed to provide and deliver current income while also providing an opportunity to participate in the price return of the Grayscale Bitcoin Trust," according to Form N-1A filed Thursday afternoon.
According to the filing, the fund will not invest directly in digital assets.
Nate Geraci, president of The ETF Store, said in a post on the X platform: "And so it began... Actively manage GBTC exposure and buy and sell call/put options using GBTC as a reference asset. We will see changes in various SpotBitcoin ETFs. ”
The new filing comes hours after Grayscale's SpotBitcoin ETF, GBTC, and 10 other ETFs began trading on Thursday morning. As of this afternoon, the trading volume of these products has exceeded $4 billion. (The Block)
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)