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⭐️ Grayscale Files Updated Prospectus for Bitcoin Covered Call ETF Following Options Approval
Grayscale Investments has filed an updated prospectus for its Bitcoin Covered Call ETF (exchange-traded fund).
It signals a swift action after the Commodity Futures Trading Commission (CFTC) approved the listing of spot Bitcoin ETF options.
🔸 Grayscale Pursues Bitcoin Covered Call ETF
The fund, which will offer exposure to Bitcoin and the Grayscale Bitcoin Trust (GBTC), aims to generate income through actively managed call and put options on Bitcoin exchange-traded products (ETPs). The prospectus was originally filed with the US Securities and Exchange Commission (SEC) in January 2024.
According to the filing, the ETF will achieve its objectives by providing exposure to GBTC. Beyond that, it will also employ a covered call strategy. This means it will sell call options to generate income while holding Bitcoin or GBTC as collateral.
“The fund seeks to achieve its investment objective primarily through actively managed exposure to Grayscale Bitcoin Trust (GBTC) and the purchase and sale of a combination of call and put option contracts that utilize GBTC as the reference asset,” the January filing read.
James Seyffart, an ETF analyst at Bloomberg Intelligence, commented on the development. In his opinion, Grayscale is capitalizing on the approval for Bitcoin ETF options.
“Grayscale wasting no time after BTC ETF options approval. They’ve filed an updated prospectus for their Bitcoin Covered Call ETF (no ticker yet). The fund will offer exposure to GBTC and BTC while writing and/or buying options contracts on Bitcoin ETPs for income,” Seyffart remarked.
It comes after the US Securities and Exchange Commission’s (SEC) approval of options trading for spot Bitcoin ETFs. This regulatory milestone, announced last month, allows ETF issuers to integrate options strategies into their Bitcoin-focused funds. Among other benefits, this opens up new avenues for investment.
#GRAYSCALE
Grayscale Investments has filed an updated prospectus for its Bitcoin Covered Call ETF (exchange-traded fund).
It signals a swift action after the Commodity Futures Trading Commission (CFTC) approved the listing of spot Bitcoin ETF options.
🔸 Grayscale Pursues Bitcoin Covered Call ETF
The fund, which will offer exposure to Bitcoin and the Grayscale Bitcoin Trust (GBTC), aims to generate income through actively managed call and put options on Bitcoin exchange-traded products (ETPs). The prospectus was originally filed with the US Securities and Exchange Commission (SEC) in January 2024.
According to the filing, the ETF will achieve its objectives by providing exposure to GBTC. Beyond that, it will also employ a covered call strategy. This means it will sell call options to generate income while holding Bitcoin or GBTC as collateral.
“The fund seeks to achieve its investment objective primarily through actively managed exposure to Grayscale Bitcoin Trust (GBTC) and the purchase and sale of a combination of call and put option contracts that utilize GBTC as the reference asset,” the January filing read.
James Seyffart, an ETF analyst at Bloomberg Intelligence, commented on the development. In his opinion, Grayscale is capitalizing on the approval for Bitcoin ETF options.
“Grayscale wasting no time after BTC ETF options approval. They’ve filed an updated prospectus for their Bitcoin Covered Call ETF (no ticker yet). The fund will offer exposure to GBTC and BTC while writing and/or buying options contracts on Bitcoin ETPs for income,” Seyffart remarked.
It comes after the US Securities and Exchange Commission’s (SEC) approval of options trading for spot Bitcoin ETFs. This regulatory milestone, announced last month, allows ETF issuers to integrate options strategies into their Bitcoin-focused funds. Among other benefits, this opens up new avenues for investment.
#GRAYSCALE
🚨 Grayscale Unveils Bitcoin Covered Call ETF! 🚨
Big news for Bitcoin and income-focused investors! Here’s what you need to know:
💎 Key Update
📜 Grayscale has updated its prospectus for a Bitcoin Covered Call ETF.
🔍 ETF Strategy
💰 Income Generation: Utilizes a covered call strategy to earn income.
📈 Core Components: Leverages $GBTC and the Bitcoin Mini Trust.
🔗 How It Works:
Covered Call ETFs involve selling call options on a held asset.
Generates income while capping upside gains, ideal for income-focused investors.
🌟 Why It Matters
🏦 Market Validation: Strengthens Bitcoin’s status as a mainstream asset class.
💡 Attracting Traditional Investors: Income-seeking investors may now enter the crypto space.
🚀 Institutional Adoption: Adds to the growing influence of Bitcoin ETFs.
📊 What’s Next?
🔸 Regulatory Approval: Keep an eye on the SEC's decision.
🔸 Competitive Position: Watch how Grayscale stacks up against BlackRock’s IBIT and other Bitcoin ETFs.
💬 What do you think about this innovative Bitcoin ETF? Share your thoughts below! 👇
#GRAYSCALE
Big news for Bitcoin and income-focused investors! Here’s what you need to know:
💎 Key Update
📜 Grayscale has updated its prospectus for a Bitcoin Covered Call ETF.
🔍 ETF Strategy
💰 Income Generation: Utilizes a covered call strategy to earn income.
📈 Core Components: Leverages $GBTC and the Bitcoin Mini Trust.
🔗 How It Works:
Covered Call ETFs involve selling call options on a held asset.
Generates income while capping upside gains, ideal for income-focused investors.
🌟 Why It Matters
🏦 Market Validation: Strengthens Bitcoin’s status as a mainstream asset class.
💡 Attracting Traditional Investors: Income-seeking investors may now enter the crypto space.
🚀 Institutional Adoption: Adds to the growing influence of Bitcoin ETFs.
📊 What’s Next?
🔸 Regulatory Approval: Keep an eye on the SEC's decision.
🔸 Competitive Position: Watch how Grayscale stacks up against BlackRock’s IBIT and other Bitcoin ETFs.
💬 What do you think about this innovative Bitcoin ETF? Share your thoughts below! 👇
#GRAYSCALE
🚨 Grayscale Unveils Bitcoin Covered Call ETF! 🚨
Big news for Bitcoin and income-focused investors! Here’s what you need to know:
💎 Key Update
📜 Grayscale has updated its prospectus for a Bitcoin Covered Call ETF.
🔍 ETF Strategy
💰 Income Generation: Utilizes a covered call strategy to earn income.
📈 Core Components: Leverages $GBTC and the Bitcoin Mini Trust.
🔗 How It Works:
Covered Call ETFs involve selling call options on a held asset.
Generates income while capping upside gains, ideal for income-focused investors.
🌟 Why It Matters
🏦 Market Validation: Strengthens Bitcoin’s status as a mainstream asset class.
💡 Attracting Traditional Investors: Income-seeking investors may now enter the crypto space.
🚀 Institutional Adoption: Adds to the growing influence of Bitcoin ETFs.
📊 What’s Next?
🔸 Regulatory Approval: Keep an eye on the SEC's decision.
🔸 Competitive Position: Watch how Grayscale stacks up against BlackRock’s IBIT and other Bitcoin ETFs.
💬 What do you think about this innovative Bitcoin ETF? Share your thoughts below! 👇
#BitcoinETFOptions #GRAYSCALE
Big news for Bitcoin and income-focused investors! Here’s what you need to know:
💎 Key Update
📜 Grayscale has updated its prospectus for a Bitcoin Covered Call ETF.
🔍 ETF Strategy
💰 Income Generation: Utilizes a covered call strategy to earn income.
📈 Core Components: Leverages $GBTC and the Bitcoin Mini Trust.
🔗 How It Works:
Covered Call ETFs involve selling call options on a held asset.
Generates income while capping upside gains, ideal for income-focused investors.
🌟 Why It Matters
🏦 Market Validation: Strengthens Bitcoin’s status as a mainstream asset class.
💡 Attracting Traditional Investors: Income-seeking investors may now enter the crypto space.
🚀 Institutional Adoption: Adds to the growing influence of Bitcoin ETFs.
📊 What’s Next?
🔸 Regulatory Approval: Keep an eye on the SEC's decision.
🔸 Competitive Position: Watch how Grayscale stacks up against BlackRock’s IBIT and other Bitcoin ETFs.
💬 What do you think about this innovative Bitcoin ETF? Share your thoughts below! 👇
#BitcoinETFOptions #GRAYSCALE
The #Bitcoin ETFs had a total net inflow of $254,8 million yesterday !
#BlackRock #Fidelity and #GRAYSCALE are buying again, so this is beautiful to see
We are coming closer to $30 Billion in total cumulative inflows !
#BlackRock #Fidelity and #GRAYSCALE are buying again, so this is beautiful to see
We are coming closer to $30 Billion in total cumulative inflows !
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Grayscale Predicts All-Time High of #Bitcoin , Hurting the US Economy 🌕🚀
In a bold prediction, Grayscale Investments' director of research Zach Pandl has suggested that $BTC is about to break its previous all-time high against the US dollar. However, this rally could cause significant damage to the US economy. 🇺🇸
Pandl's analysis suggests that the #BTC rise could lead to a "flight to safety" away from traditional assets like US Treasuries. 🇺🇸 This could weaken the dollar, leading to higher inflation and interest rates. 📈🔭
While this prediction is certainly attention-grabbing, it is important to note that the cryptocurrency market is highly volatile and accurate predictions are difficult to come by. 💻😉
What do you think of Grayscale’s prediction? 🤔 Is this a realistic scenario or too speculative? Let’s discuss! DYOR! #GRAYSCALE #CryptoMarketMoves #LowestCPI2021
In a bold prediction, Grayscale Investments' director of research Zach Pandl has suggested that $BTC is about to break its previous all-time high against the US dollar. However, this rally could cause significant damage to the US economy. 🇺🇸
Pandl's analysis suggests that the #BTC rise could lead to a "flight to safety" away from traditional assets like US Treasuries. 🇺🇸 This could weaken the dollar, leading to higher inflation and interest rates. 📈🔭
While this prediction is certainly attention-grabbing, it is important to note that the cryptocurrency market is highly volatile and accurate predictions are difficult to come by. 💻😉
What do you think of Grayscale’s prediction? 🤔 Is this a realistic scenario or too speculative? Let’s discuss! DYOR! #GRAYSCALE #CryptoMarketMoves #LowestCPI2021
#BlackRock will be buying a HUGE stack of $BTC again today!
So are #Fidelity , #GRAYSCALE & #ArkInvest
Follow the smart money!
#BTCETF
So are #Fidelity , #GRAYSCALE & #ArkInvest
Follow the smart money!
#BTCETF
📣 Ethereum ETFs: Here Are All the Applications Awaiting SEC Approval #ETFvsBTC #ETHETFS
👉 Here are the filings currently sitting on the SEC’s desk awaiting approval. The SEC decision deadline for the proposed products varies from end of May to early August.
🌐 #BlackRock
🔸BlackRock, the world’s biggest asset manager, filed an S-1 form for its proposed iShares Ethereum Trust back in November.
🔹The SEC delayed making a decision on the fund manager’s potential product earlier this year and now has until August 7.
🔸The firm’s CEO, Larry Fink, is seemingly enthusiastic about the cryptocurrency and its network, and has said that there is “value in having an Ethereum ETF.” He has also talked about “tokenization” being inevitable.
🌐 #GRAYSCALE
🔹Crypto asset manager Grayscale is awaiting an answer from the SEC after filing a proposal in October to convert its Grayscale Ethereum Trust into a spot Ethereum ETF.
🔸The current trust right now operates like a closed-end fund; the idea is that as an ETF, it would be easier for investors to redeem shares. Its Bitcoin Trust converted into an ETF in January, so there’s already precedent for how such a crypto vehicle can transition over to a spot ETF.
🔹Grayscale is a big part of the reason why Bitcoin ETFs are trading in the U.S. right now. In a landmark moment for the crypto industry last year, a judge sided with the firm in a lawsuit, agreeing with the firm that Wall Street’s biggest regulator lacked a coherent explanation for denying its proposed conversion to a Bitcoin ETF after years of denials.
🔸The ruling paved the way for the SEC to give the green light to spot Bitcoin ETFs.
🔹Despite this, the SEC doesn’t appear to be in a hurry to say yes to the latest approval—it pushed back on giving a decision in January. The regulator now has until June 18 to say yes or no.
🔸And just last month, the firm filed for a “mini” Ethereum Trust as well. The idea with the fund is that it would have lower fees for shareholders.
$BTC $ETH
👉 Here are the filings currently sitting on the SEC’s desk awaiting approval. The SEC decision deadline for the proposed products varies from end of May to early August.
🌐 #BlackRock
🔸BlackRock, the world’s biggest asset manager, filed an S-1 form for its proposed iShares Ethereum Trust back in November.
🔹The SEC delayed making a decision on the fund manager’s potential product earlier this year and now has until August 7.
🔸The firm’s CEO, Larry Fink, is seemingly enthusiastic about the cryptocurrency and its network, and has said that there is “value in having an Ethereum ETF.” He has also talked about “tokenization” being inevitable.
🌐 #GRAYSCALE
🔹Crypto asset manager Grayscale is awaiting an answer from the SEC after filing a proposal in October to convert its Grayscale Ethereum Trust into a spot Ethereum ETF.
🔸The current trust right now operates like a closed-end fund; the idea is that as an ETF, it would be easier for investors to redeem shares. Its Bitcoin Trust converted into an ETF in January, so there’s already precedent for how such a crypto vehicle can transition over to a spot ETF.
🔹Grayscale is a big part of the reason why Bitcoin ETFs are trading in the U.S. right now. In a landmark moment for the crypto industry last year, a judge sided with the firm in a lawsuit, agreeing with the firm that Wall Street’s biggest regulator lacked a coherent explanation for denying its proposed conversion to a Bitcoin ETF after years of denials.
🔸The ruling paved the way for the SEC to give the green light to spot Bitcoin ETFs.
🔹Despite this, the SEC doesn’t appear to be in a hurry to say yes to the latest approval—it pushed back on giving a decision in January. The regulator now has until June 18 to say yes or no.
🔸And just last month, the firm filed for a “mini” Ethereum Trust as well. The idea with the fund is that it would have lower fees for shareholders.
$BTC $ETH
🚨US ETF 22 AUG: $65M to $BTC and $0.8M to $ETH
*BTC ETF UPDATE (final): +$65M
• The net flow has been positive for 6 consecutive trading days.
• #BlackRock (IBIT) saw a big inflow after a stagnant day.
*ETH ETF UPDATE (final): -$0.8M
• The net flow has been negative for 6 trading days.
• #Fidelity (FETH) continued to lead the inflow side for the second day.
• #GRAYSCALE (ETHE) saw a lower outflow yesterday, from $31.1M to $19.8M.
*BTC ETF UPDATE (final): +$65M
• The net flow has been positive for 6 consecutive trading days.
• #BlackRock (IBIT) saw a big inflow after a stagnant day.
*ETH ETF UPDATE (final): -$0.8M
• The net flow has been negative for 6 trading days.
• #Fidelity (FETH) continued to lead the inflow side for the second day.
• #GRAYSCALE (ETHE) saw a lower outflow yesterday, from $31.1M to $19.8M.
📉 On April 9, $BTC spot #ETFs saw a total net outflow of $19.48M.
Grayscale's $GBTC experienced a outflow of $154M, while BlackRock's $IBIT had a net inflow of $128M.
#bitcoinetf #GRAYSCALE #BlackRockCrypto #TrendingTopic
Grayscale's $GBTC experienced a outflow of $154M, while BlackRock's $IBIT had a net inflow of $128M.
#bitcoinetf #GRAYSCALE #BlackRockCrypto #TrendingTopic
$ETH 🚨
#Ethereum spot ETFs saw a significant net outflow of $47.40 million on September 3rd.
#GRAYSCALE had an outflow of $52.31M and Fidelity had an inflow of $4.91M.
#Ethereum #ETFEthereum $ETH
#Ethereum spot ETFs saw a significant net outflow of $47.40 million on September 3rd.
#GRAYSCALE had an outflow of $52.31M and Fidelity had an inflow of $4.91M.
#Ethereum #ETFEthereum $ETH
FTSE Russell, a subsidiary of the London Stock Exchange that provides indices, and Grayscale Investments, a company that manages crypto assets, announced their joint venture into the crypto indices business.
#crypto2023 #GRAYSCALE
#crypto2023 #GRAYSCALE
Grayscale makes a significant move, filing securities registration with SEC for its spot Bitcoin ETF.
#GRAYSCALE #BitcoinETFs! #SECfiling #BTC #etf
$BTC $XRP $ETH
#GRAYSCALE #BitcoinETFs! #SECfiling #BTC #etf
$BTC $XRP $ETH
💥BREAKING: #GRAYSCALE had a $450,000,000 outflow TODAY on the #SpotBitcoinETF
#binancevip #VIPElevateandEarn #BTC
$BTC
#binancevip #VIPElevateandEarn #BTC
$BTC
$SOL $LINK $MANA $FIL same context in Grayscale bags
#binanacesquare #SolanaBreakpoint #BTC #ETH #GRAYSCALE
#binanacesquare #SolanaBreakpoint #BTC #ETH #GRAYSCALE
Morgan Stanley Reveals Holdings In Grayscale, Ark Bitcoin ETFs In New SEC Filing
Morgan Stanley discloses its initial holdings in #GRAYSCALE Bitcoin Trust (GBTC) and Ark Bitcoin ETFs (ARKB) in the latest US SEC filing.
Financial giant #Morgan Stanley has finally revealed its initial holdings in Grayscale Bitcoin ETF (GBTC) and ARK 21Shares Bitcoin ETF (ARKB). The filings came after the investment bank disclosed massive holdings in BlackRock iShares Bitcoin ETF (IBIT) to the U.S. Securities and Exchange Commission (SEC) this week.
Morgan Stanley Holds Investments in Grayscale, Ark21Shares ETFs
In two new 13F-HR/A filings with the U.S. SEC, Morgan Stanley disclosed its holdings for the quarter that ended Dec 31, 2023 and March 31, 2024. The latest filings were part of a previous 13F filed earlier this week.
The investment bank held Valkyrie Bitcoin and Ether Strategy ETF and ProShares Bitcoin Strategy ETF (BITO) shares until last year. The company was not into pouring huge investments in Bitcoin ETFs.
However, after the launch of spot ETFs in January, Morgan Stanley made investments in Grayscale Bitcoin Trust (GBTC), Ark21Shares Bitcoin ETF, and BITO, as per the latest filing with the SEC. The Wall Street giant held GBTC worth nearly 270 million and ARKB shares worth 2.25 million until March 31.
Currently, Morgan Stanley also has 2,780 Grayscale Bitcoin Trust shares worth 148K, 26,222 shares worth $1.57 million in Ark 21Shares Bitcoin ETF. The company has reduced its holdings in other BTC ETFs in Q2.
Bitcoin Price To Rally With Bitcoin ETF Inflows
Bitcoin ETF inflows in the last two days hint at signs of reversal in positive sentiment. BlackRock, Fidelity, Bitwise, Ark 21Shares, and Invesco Galaxy reported inflows in spot BTC ETFs on Friday. However, Grayscale continues to show outflows.
Experts anticipate cash flow into exchange-traded funds in the United States after a few weeks. Institutional investors such as Morgan Stanley can fuel BTC price recovery. Popular analysts such as Michael van de Poppe also predicted 1-2 weeks of weak price action before “we’re going to be surging back upwards.
Experts anticipate cash flow into exchange-traded funds in the United States after a few weeks. Institutional investors such as Morgan Stanley can fuel BTC price recovery. Popular analysts such as Michael van de Poppe also predicted 1-2 weeks of weak price action before “we’re going to be surging back upwards.”
BTC price jumped 2% in the past 24 hours, with the price currently trading at $59,362. The 24-hour low and high are $57,690 and $59,847, respectively. Furthermore, the trading volume has decreased by 37% in the last 24 hours, indicating a decline in interest among traders due to market sentiment deteriorating to 25 (extreme fear) today.
#MarketDownturn #LowestCPI2021 #BinanceLaunchpoolTON
Financial giant #Morgan Stanley has finally revealed its initial holdings in Grayscale Bitcoin ETF (GBTC) and ARK 21Shares Bitcoin ETF (ARKB). The filings came after the investment bank disclosed massive holdings in BlackRock iShares Bitcoin ETF (IBIT) to the U.S. Securities and Exchange Commission (SEC) this week.
Morgan Stanley Holds Investments in Grayscale, Ark21Shares ETFs
In two new 13F-HR/A filings with the U.S. SEC, Morgan Stanley disclosed its holdings for the quarter that ended Dec 31, 2023 and March 31, 2024. The latest filings were part of a previous 13F filed earlier this week.
The investment bank held Valkyrie Bitcoin and Ether Strategy ETF and ProShares Bitcoin Strategy ETF (BITO) shares until last year. The company was not into pouring huge investments in Bitcoin ETFs.
However, after the launch of spot ETFs in January, Morgan Stanley made investments in Grayscale Bitcoin Trust (GBTC), Ark21Shares Bitcoin ETF, and BITO, as per the latest filing with the SEC. The Wall Street giant held GBTC worth nearly 270 million and ARKB shares worth 2.25 million until March 31.
Currently, Morgan Stanley also has 2,780 Grayscale Bitcoin Trust shares worth 148K, 26,222 shares worth $1.57 million in Ark 21Shares Bitcoin ETF. The company has reduced its holdings in other BTC ETFs in Q2.
Bitcoin Price To Rally With Bitcoin ETF Inflows
Bitcoin ETF inflows in the last two days hint at signs of reversal in positive sentiment. BlackRock, Fidelity, Bitwise, Ark 21Shares, and Invesco Galaxy reported inflows in spot BTC ETFs on Friday. However, Grayscale continues to show outflows.
Experts anticipate cash flow into exchange-traded funds in the United States after a few weeks. Institutional investors such as Morgan Stanley can fuel BTC price recovery. Popular analysts such as Michael van de Poppe also predicted 1-2 weeks of weak price action before “we’re going to be surging back upwards.
Experts anticipate cash flow into exchange-traded funds in the United States after a few weeks. Institutional investors such as Morgan Stanley can fuel BTC price recovery. Popular analysts such as Michael van de Poppe also predicted 1-2 weeks of weak price action before “we’re going to be surging back upwards.”
BTC price jumped 2% in the past 24 hours, with the price currently trading at $59,362. The 24-hour low and high are $57,690 and $59,847, respectively. Furthermore, the trading volume has decreased by 37% in the last 24 hours, indicating a decline in interest among traders due to market sentiment deteriorating to 25 (extreme fear) today.
#MarketDownturn #LowestCPI2021 #BinanceLaunchpoolTON
🇺🇸👀 Crypto #ETF Flows Today:
$BTC -ETFs:
NetFlow: -329 BTC (-$19.55M) 🔴
#Grayscale outflows 1,297 BTC ($77.17M) and currently holds 232,542 BTC ($13.83B);
$ETH -ETFs:
NetFlow: -12,202 ETH (-$32.31M) 🔴
#GRAYSCALE outflows 16,482 ETH ($43.64M) and currently holds 1,910,332 ETH ($5.06B).
$BTC -ETFs:
NetFlow: -329 BTC (-$19.55M) 🔴
#Grayscale outflows 1,297 BTC ($77.17M) and currently holds 232,542 BTC ($13.83B);
$ETH -ETFs:
NetFlow: -12,202 ETH (-$32.31M) 🔴
#GRAYSCALE outflows 16,482 ETH ($43.64M) and currently holds 1,910,332 ETH ($5.06B).
See original
It can't go below $29,000. Until I get there, I will collect so much money that everyone will ask why I didn't do that too. I KNOW THE WAY
I say $BTC and $ARKM
#TradeNTell #TrendingTopic #GRAYSCALE #BitcoinETF💰💰💰 #ARKM
I say $BTC and $ARKM
#TradeNTell #TrendingTopic #GRAYSCALE #BitcoinETF💰💰💰 #ARKM
🚨 US ETF 20 AUG: $6.5M to $ETH $88M to $BTC and
*BTC ETF UPDATE (final): +$88M
• The net flow has been positive and increasing for 4 consecutive days.
• #BlackRock (IBIT) continued to lead the inflow, followed by 21Shares, each with a $50M+ inflow.
• #GRAYSCALE (GBTC) had the largest outflow yesterday but the value was relatively small.
ETH✴️ ETF UPDATE (final): -$6.5M
• The net flow has been negative for 4 consecutive days.
• #BlackRock (ETHA) had the largest inflow again, after a day with $0 net flow.
*BTC ETF UPDATE (final): +$88M
• The net flow has been positive and increasing for 4 consecutive days.
• #BlackRock (IBIT) continued to lead the inflow, followed by 21Shares, each with a $50M+ inflow.
• #GRAYSCALE (GBTC) had the largest outflow yesterday but the value was relatively small.
ETH✴️ ETF UPDATE (final): -$6.5M
• The net flow has been negative for 4 consecutive days.
• #BlackRock (ETHA) had the largest inflow again, after a day with $0 net flow.