Grayscale Investments has introduced two new Bitcoin-focused ETFs aimed at generating income using options trading strategies. These new offerings are named the Grayscale Bitcoin Covered Call ETF (BTCC) and the Grayscale Bitcoin Premium Income ETF (BPI).
Announced on April 2, these ETFs aim to use Bitcoin’s high price volatility to generate returns. The BTCC writes call options near Bitcoin's market price to collect premiums and boost potential income. Meanwhile, BPI focuses on writing out-of-the-money calls on Bitcoin ETFs, including Grayscale’s products like GBTC and BTC Mini Trust, to strike a balance between growth and income.
These strategies are designed to offer alternative income sources that don’t move in sync with traditional investments. Both products promise monthly distributions and systematic options management.
Grayscale claims these ETFs can act as complements or alternatives to directly owning Bitcoin, offering exposure to its growth while adding an income stream. This launch follows Grayscale’s other efforts, including ETF filings for Avalanche, Cardano, Litecoin, and a diversified spot crypto ETF holding Bitcoin, Ethereum, XRP, Solana, and ADA.
Grayscale now manages 28 crypto products, with 25 single-asset and 3 diversified funds, as it continues expanding its ETF offerings in the evolving crypto investment space.
The US House Financial Services Committee has approved the STABLE Act, a bill aimed at regulating stablecoins. Passed on April 2 with a 32-17 vote, the bill now moves to the full House for a vote. Supported by Republicans and six Democrats, the bill was introduced by committee Chair French Hill and Digital Assets Subcommittee Chair Bryan Steil.
The STABLE Act, drafted with input from major stablecoin issuer Tether, seeks to bring transparency and accountability to payment stablecoins — digital tokens tied to real-world currencies like the US dollar. It requires issuers to disclose their operations and how their tokens are backed.
However, some Democrats, including Maxine Waters, criticized the bill, warning it could benefit former President Donald Trump’s crypto ventures. Her concern follows the launch of the Trump family’s stablecoin, USD1, by World Liberty Financial.
In addition to the STABLE Act, the GENIUS Act, another stablecoin-related bill, is also moving through Congress. Passed by the Senate Banking Committee in March, it focuses on oversight and reserve rules for stablecoin issuers.
Lawmakers may align both bills in the coming weeks to avoid further legislative hurdles and create a unified regulatory framework for stablecoins in the US.
Avalanche and blockchain developer platform Gelato have teamed up to launch a new blockchain-as-a-service solution aimed at institutions. This new service allows companies to easily create their own sovereign blockchains with faster deployment, lower costs, and strong interoperability using Avalanche’s InterChain Messaging (ICM) technology.
Gelato’s platform is designed for industries like fintech and gaming, where identity verification and custom setups are important. It helps reduce technical complexity and time-to-market, offering a plug-and-play solution with AWS-level reliability.
According to Gelato founder Luis Schliesske, their Rollup-as-a-Service (RaaS) solution supports everything from setup to scaling, making blockchain accessible for more businesses. It enables one-click layer-1 network deployment on Avalanche and removes previous barriers like token staking.
Avalanche, the 10th largest blockchain by total value locked (TVL), now supports this enterprise move with over $1.1 billion in DeFi.
As more financial institutions consider adopting blockchain, Gelato’s reliable infrastructure could be the push they need. The launch signals a key moment in institutional adoption, with big brands like Fox News and eBay already building on Gelato’s platform. This innovation makes blockchain more practical and secure for enterprise use.
Michael Saylor’s firm, Strategy (formerly MicroStrategy), has bought 22,048 Bitcoin worth $1.92 billion, taking advantage of a recent price dip. The average purchase price was $86,969 per Bitcoin. This bold move comes despite rising market uncertainty and investor concerns surrounding Donald Trump’s upcoming tariff announcement scheduled for April 2.
With this latest acquisition, Strategy now holds more than 528,000 BTC, valued at over $35.6 billion. The firm’s average buying price stands at $67,458 per BTC. As per Saylortracker data, Strategy currently holds an unrealized profit of $7.7 billion, up over 21% on its Bitcoin investments.
This major buy happened just days after Strategy crossed the 500,000 BTC milestone and shows the firm’s continued confidence in Bitcoin’s long-term value, despite short-term market volatility.
However, the company may face tax liabilities on these unrealized gains. Under the Inflation Reduction Act of 2022, the Strategy could be subject to a 15% corporate minimum tax. Still, there’s hope that a more crypto-friendly policy under Trump’s administration might offer tax relief.
Saylor remains firm in his belief that Bitcoin's fundamentals are strong, even as global economic events stir temporary market reactions.
First Trust Advisors has introduced two new Bitcoin strategy exchange-traded funds (ETFs) to attract traditional investors by offering controlled risk and returns. The two funds — FT Vest Bitcoin Strategy Floor15 ETF (BFAP) and FT Vest Bitcoin Strategy & Target Income ETF (DFII) — aim to provide structured exposure to Bitcoin’s performance.
The BFAP ETF is designed to follow Bitcoin’s price growth up to a limit, while also protecting investors from large losses by capping the downside risk to around 15%. Meanwhile, the DFII ETF is actively managed and focuses on generating income. It plans to beat short-term U.S. Treasury returns by at least 15%, using strategies like selling call options based on Bitcoin's high volatility.
These ETFs come at a time when Bitcoin-linked investment products are gaining momentum. As of April 4, Bitcoin ETFs manage around $93 billion in assets. Similar products have recently been launched by other firms like Grayscale and Bitwise, reflecting strong investor interest in structured crypto exposure.
However, recent U.S. tariff announcements have created some market volatility, leading to temporary ETF outflows. Despite this, structured crypto ETFs continue to attract long-term investors looking for safer Bitcoin exposure.
