Grayscale Introduces BTCC and BPI ETFs for Bitcoin Investors

Highlights:

• Grayscale has introduced two new ETFs, labeled BTCC and BPI.
• The asset management firm said the new ETFs will help investors to generate funds.
• BTCC and BPI will participate in Bitcoin’s returns via Grayscale’s ETP options.

Crypto investment firm Grayscale has announced the launch of two new Exchange-Traded Funds (ETFs). The two new funds, Grayscale Bitcoin Covered Call ETF and Grayscale Bitcoin Premium Income ETF, will trade under the ticker BTCC and BPI, respectively.

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Grayscale announced the launch in a press release on April 2, sparking reactions from crypto investors. According to the press release, these new funds will help investors generate income by capitalizing on Bitcoin’s volatile nature. Each ETF offers unique features ideal for investors seeking low-risk projects.

Commenting on the launch, David LaValle, Global Head of ETFs at Grayscale, stated:

“We understand that every investor has unique needs, and we’re excited to offer these new products that not only may capture and deliver income but also offer differentiated outcomes and behavioral characteristics tailored to their specific goals.”

Grayscale announced the launch of the Grayscale Bitcoin Covered Call ETF (Ticker: BTCC) and the Grayscale Bitcoin Premium Income ETF (Ticker: BPI).https://t.co/o6pf9HhRFA

— Wu Blockchain (@WuBlockchain) April 2, 2025

BTCC Will Participate in Bitcoin’s Returns Via Grayscale’s ETP Options

In its publication, Grayscale stated that the Bitcoin Covered Call ETF is designed to generate current income. The asset manager also mentioned that this fund will participate in Bitcoin returns via options on Bitcoin exchange-traded products (ETPs), including Grayscale Bitcoin Trust ETF (GBTC) and Grayscale Bitcoin Mini Trust ETF (BTC)

Per Grayscale, ETPs are ideal options for BTCC’s participation in Bitcoin returns because they aim to track Bitcoin price performance before fees. However, the asset manager warned that there is no guarantee the fund will meet these investment objectives.

Despite admitting the possibility of not meeting its investment objectives, Grayscale noted that BTCC will strive to achieve its goals by writing calls very close to spot prices. The investment firm explained that this strategy will capitalize on Bitcoin’s volatility to prioritize income and distribute it to the fund shareholders, making it ideal for investors seeking regular cash flows and strong profits.

Beyond making gains, the investment firm said BTCC’s strategy could help cushion against market downturns. It may also reduce volatility during market declines.

Introducing the Grayscale Bitcoin Covered Call ETF (ticker: $BTCC), strategically designed to maximize potential income generation on Bitcoin exposure and distribute dividends monthly.

See important disclosures or learn more here ⬇️ https://t.co/ZpOazwbtSU pic.twitter.com/TgwLJWpJI5

— Grayscale (@Grayscale) April 2, 2025

BPI’s Unique Features

Grayscale Bitcoin Premium Income ETF will also deliver current income like BTCC. However, it has slight modifications, which the asset manager highlighted in its press release. BPI allows investors to participate in Bitcoin’s upside potential while earning dividend-like income. The asset manager mentioned that BPI and BTCC are actively managed on a full-option basis, adding that both will distribute income monthly.

Grayscale Shows Increased Interest in ETF Products with Several Filings

Before today’s announcement, Grayscale presented different filings, seeking the United States Securities and Exchange Commission’s (SEC) approval for various ETFs. On March 28, Crypto2Community reported that the asset manager filed for an Avalanche (AVAX) ETF approval with the US regulatory body. According to the report, Grayscale intends to convert its Avalanche Trust into a public fund to attract more investors.

Grayscale applied for a Polkadot (DOT) ETF with the US SEC in February. The asset management firm plans to launch the ETF via the Nasdaq stock exchange. The ETF aims to list and trade Grayscale’s Polkadot Trust shares. It will also track DOT’s price and allow investors to gain exposure to the asset without directly investing in the token.

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