Grayscale Releases 2 New Bitcoin ETFs: BTCC and BPI, What’s the Difference?

Jakarta, Pintu News – Grayscale Investments, one of the world’s largest crypto asset managers, officially launched two Bitcoin (BTC)-based ETF (Exchange-Traded Funds) products specifically designed to generate income from market volatility.

The two new products are the Grayscale Bitcoin Covered Call ETF (BTCC) and the Grayscale Bitcoin Premium Income ETF (BPI), both of which use a call strategy to provide cash flow to investors.

Check out the full news here!

BTCC: Turning Bitcoin Volatility into a Source of Income

Grayscale Bitcoin Covered Call ETF (BTCC) uses a covered call strategy, which involves selling call options at a price close to the current market value of Bitcoin.

Quoting from Crypto Times, this strategy allows investors to earn a premium from the sale of such options, which is claimed to be a stable source of income despite the volatile market.

BTCC is suitable for investors who already have exposure to BTC and want to earn additional income periodically. The premium earned from this option can help cushion the risk of market downturns while still generating cash flow.

BTCC will also make monthly income distributions, using an automated system to manage options strategies. Grayscale aims for this ETF to provide a source of income that is not directly correlated with conventional investments.

Also read: Curve Finance Prints $35 Billion in Q1 2025 Despite Crypto Market Crash!

BPI: Combination of Revenue & Price Increase Potential

Unlike BTCC, Grayscale Bitcoin Premium Income ETF (BPI) sells call options with a target price much higher than the current market price (out-of-the-money).

The goal is to still capture the potential upside of Bitcoin prices while providing income through premiums from such options. BPI relies on Bitcoin ETF products such as Grayscale Bitcoin Trust (GBTC) and Bitcoin Mini Trust (BTC) as its underlying assets. With this strategy, BPI is an alternative to direct Bitcoin ownership that balances value growth and steady income.

Investors who choose BPI will receive dividends from premium income and have the opportunity to benefit from BTC price increases. This strategy is perfect for investors who want exposure to crypto but also want passive income.

Like BTCC, BPI will also provide monthly income distributions. Both ETFs are actively managed and designed to deal with the dynamics of the crypto market using an innovative derivatives approach.

Also read: Arthur Hayes Predicts Bitcoin (BTC) Could Reach $250,000 by the End of 2025, Here’s His Analysis!

Grayscale’s Big Move in the Crypto ETF World

The launch of BTCC and BPI is just part of Grayscale’s major expansion in the crypto-based ETF market.

Grayscale is also awaiting approval from the SEC to launch various spot ETFs based on cryptocurrencies such as Ripple (XRP), Ethereum (ETH), Cardano (ADA), and Solana (SOL).

In addition, the company also applied to convert the Litecoin Trust into an ETF and launched an Avalanche-based ETF (AVAX) through Nasdaq.

Currently, Grayscale has managed 28 crypto products, consisting of 25 single-asset derivatives and 3 diversified funds. With innovative strategies and product diversification, Grayscale further strengthens its position as a pioneer in the cryptocurrency asset management sector.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Crypto Times. Grayscale Launches Two New Bitcoin ETFs To Generate Passive Income. Accessed April 4, 2025.
• Tron Weekly. Grayscale BTC ETFs Offer Income Through Call Strategy. Accessed April 4, 2025.
• Cointelegraph. Grayscale launches Bitcoin covered call and premium income ETFs. Accessed April 4, 2025.
• Featured Image: Tron Weekly