Grayscale Investments has announced plans to introduce options trading for its spot bitcoin exchange-traded funds (ETFs), taking a page from Blackrock’s recent success with bitcoin ETF options. The options trading will begin on Wednesday morning. This initiative is designed to leverage a covered call strategy to generate additional income. Both the Bitcoin Trust (GBTC) and the Bitcoin Mini Trust (BTC), managed by Grayscale, will support this new trading feature. “Grayscale is thrilled that options trading on both GBTC and BTC will begin tomorrow – further developing the ecosystem around our U.S.-listed bitcoin ETP,” the company shared on X. Leading up to the launch, bitcoin (BTC) was trading steadily above $93,000, reaching $93,730 as of 7:19 a.m. EDT on Wednesday.
Grayscale Unveils Game-Changing Bitcoin ETF Options Strategy
news.bitcoin.com
20 November 2024 04:34, UTC