A day after its spot Bitcoin ETF received SEC approval, Grayscale Investments filed an application for a so-called covered options ETF designed to generate income from GBTC holdings.
“The Grayscale Bitcoin Trust Covered Option ETF is designed to provide and deliver current income while also providing the opportunity to participate in the price returns of Grayscale Bitcoin Trust,” according to the 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 Changes to Bitcoin ETFs.”
The new filing comes hours after Grayscale’s spot Bitcoin ETF, GBTC, and 10 other ETFs began trading on Thursday morning. As of this afternoon, trading volume on these products has exceeded $4 billion. (The Block)