Grayscale Seeks SEC Nod for Bitcoin Covered Call ETF

Grayscale Investments has taken a step forward by introducing a unique covered call exchange-traded fund (ETF). This move follows the recent transformation of its Grayscale Bitcoin Trust (GBTC) into a spot bitcoin ETF. The announcement, made just a day after the firm received approval from the Securities and Exchange Commission (SEC), highlights Grayscale’s commitment to expanding its offerings in the cryptocurrency market.

ETF Focuses on Income and Price Participation

The newly filed Grayscale Bitcoin Trust Covered Call ETF aims to generate current income while allowing investors to partake in the price movement of the Grayscale Bitcoin Trust. This approach does not involve direct investments in digital assets.

Instead, it leverages an actively managed strategy, focusing on buying and selling call and put options with GBTC as the underlying reference asset. This method offers an alternative way for investors to engage with the cryptocurrency market, balancing income generation with potential capital appreciation.

Grayscale Leads Post SEC’s Decision

Grayscale’s foray into the covered call ETF space comes on the heels of a successful launch of its spot bitcoin ETF, which, along with 10 other similar products, started trading on Thursday. These ETFs have already seen a combined trading volume exceeding $4 billion, with Grayscale leading the pack, as reported by Coingape. According to data from Yahoo Finance, the firm’s ETF recorded a trading volume of over $1.9 billion, outperforming competitors like BlackRock and Fidelity.

Significantly, the SEC’s recent approval of 11 spot bitcoin ETFs marks a historic turn in the regulatory landscape. Moreover, the SEC’s Chair Gary Gensler’s decision to greenlight these products aligns with the agency’s evolving stance on cryptocurrency investments. This development reflects a broader acceptance and recognition of digital assets in mainstream finance.

Recommended
Price Analysis

Best Crypto Presales To Invest In September 2025 – Top Upcoming Presale Tokens

Best Crypto AI Trading Bots In 2025

Top Meme Coins To Buy In September 2025

Kelvin Munene Murithi

Kelvin Munene is a crypto and finance journalist with over 5 years of experience, offering in-depth market analysis and expert commentary . With a Bachelor's degree in Journalism and Actuarial Science from Mount Kenya University, Kelvin is known for his meticulous research and strong writing skills, particularly in cryptocurrency, blockchain, and financial markets. His work has been featured across top industry publications such as Coingape, Cryptobasic, MetaNews, Cryptotimes, Coinedition, TheCoinrepublic, Cryptotale, and Analytics Insight among others, where he consistently provides timely updates and insightful content. Kelvin’s focus lies in uncovering emerging trends in the crypto space, delivering factual and data-driven analyses that help readers make informed decisions. His expertise extends across market cycles, technological innovations, and regulatory shifts that shape the crypto landscape. Beyond his professional achievements, Kelvin has a passion for chess, traveling, and exploring new adventures.

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.