Grayscale Expands Bitcoin ETF Options Strategy, Riding the Investment Wave

Grayscale Investments announced that it will implement options trading on its Bitcoin ETF funds, capitalizing on the growing interest from investors. This move comes right after #BlackRock⁩ launched its Bitcoin ETF options product, recording a record trading volume on the first day, contributing to pushing Bitcoin's price to an all-time high.

Grayscale plans to adopt a "covered call" strategy to generate income from its Bitcoin ETF funds, including holding $BTC as collateral while buying and selling options contracts. This decision was made shortly after the Options Clearing Corporation approved Bitcoin ETF options, indicating that Grayscale is responding quickly to changes in the regulatory environment and market demand.

Previously, BlackRock garnered significant attention when options on their iShares Bitcoin Trust achieved trading volumes of up to 1.9 billion USD on the first day, with high odds favoring the possibility of Bitcoin appreciating. This marks a turning point in the expansion of financial products related to cryptocurrencies.

This event also reflects the impact of Grayscale's legal victory last year when a court ordered the SEC to reconsider its refusal to convert Grayscale Bitcoin Trust into a spot ETF. This sets an important precedent for the development of Bitcoin ETFs and challenges previous regulatory opposition.