According to PANews, Grayscale recently applied to launch a Bitcoin Covered Call ETF product called The Grayscale Bitcoin Trust Covered Call. According to the submitted N-1A form, the ETF will not directly invest in digital assets. Covered Call is a covered call option strategy, which is very common and consists of holding the underlying asset + selling a call option. This strategy can provide both current income and participation in the price return of Grayscale GBTC.