The major cryptocurrency asset manager Grayscale investments were announced by two new bitcoins based on funds exchanged by the exchange (ETF).
According to one April 2 announcement. According to an email sent to Cointelegraph, two new Bitcoin (BTC) funds are intended to generate revenue by using BTC volatility:
“Both techniques can be considered as an alternative income stream that is less linked to traditional income-focused investment.”
A complex derivative product
The Call Call Call product aims to get the highest premium and will maximize the potential income. Grayscale suggests that it can serve as a complement to Bitcoin exposure.
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The approach of the fund involves systematic writing calls near the prices of the area. The hope is, due to the history of Bitcoin’s history, it will generate revenue through a paid generation of call.
On the other hand, the Bitcoin Premium revenue product aims to balance participation with a level of income generation. It is meant to act as an alternative to directing the owner of Bitcoin and looking for a balance between growth and generation of income.
This fund systematically writes calls targeting of strike prices that are well out of money to bitcoin ETFs, including Grayscale Bitcoin Trust (GBTC) and Grayscale Bitcoin Mini Trust (BTC). The announcement read:
“By focusing on this type of call writing strategy, BPI allows investors to participate in almost every bitcoin potential while possibly benefiting from some dividend income.”
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Grayscale investments have pledged that both new products will provide for a diverse source of income that “delivers an unspecified source of income for investors.” Moreover, new derivatives will feature monthly distribution and systematic management of options.
The latest filing of the Grayscale
Earlier this week, Grayscale also filed to list a Fund-Traded Fund (ETF) Holds different baskets of cryptocurrencies spot. This new product includes Bitcoin, Ether (Ether), XRP, Solana (Sol) and Cardano (ADA).
In late March, the US Stock Exchange Nasdaq also filed with the US Securities and Exchange Commission (SEC) looking for Permissions to list the spot Avalanche etf. Grayscale website Lists 28 crypto products, of which 25 are single-asset derivatives, and three are varied.
Grayscale also belongs to asset managers at present Waiting for approved XRP spot ETFAs well as other products. Among those products, we can find the Spot cardano etf filing And this Litecoin Trust Conversion to an ETF.
Magazine: The bitcoin ath earlier than expected? XRP can drop 40%, and more: Hodler’s Digest, March 23 – 29
