Grayscale Launches Two Bitcoin ETFs on NYSE – Coincu

Grayscale Investments launched two new Bitcoin-focused ETFs on April 2, 2025, trading on the New York Stock Exchange (NYSE).

The ETFs offer innovative strategies to harness Bitcoin volatility, impacting investing dynamics and spurring market enthusiasm.

Grayscale’s New ETFs Boost Bitcoin to $86,000 Post-Launch

Grayscale Investments introduced the Grayscale Bitcoin Covered Call ETF and Grayscale Bitcoin Premium Income ETF. These actively managed funds aim at providing income strategies using Bitcoin’s market volatility, marking a significant development for retail and institutional investors.

The introduction of these ETFs represents a shift in investment strategy, offering new ways to generate income through Bitcoin’s inherent volatility. The launch impacts traditional and crypto investors by providing additional avenues for Bitcoin-related income.

Bitcoin prices surged to $86,000 post-launch, indicating positive market sentiment. David LaValle, Grayscale’s Global Head of ETFs, emphasized the ETFs’ role in complementing existing Bitcoin exposures and providing alternatives, though no major reactions from other key figures have yet been publicly noted.

Pioneering Bitcoin ETFs May Reshape Investment Strategies

Did you know? Grayscale’s entry into the Bitcoin ETF market echoes earlier innovations like its Bitcoin Trust (GBTC), illustrating its longstanding role in pioneering cryptocurrency investment strategies.

Bitcoin (BTC) is currently trading at $84,720.62, with a market cap of $1.68 trillion, as per CoinMarketCap. Over the past 24 hours, its trading volume reached $42.53 billion, reflecting ongoing market dynamics post-ETF launch.

“Grayscale Bitcoin Covered Call ETF may complement an investor’s existing Bitcoin exposure by adding income, while Grayscale Bitcoin Premium Income ETF offers an alternative to Bitcoin ownership, aiming to balance upside participation and income generation.” – David LaValle, Global Head of ETFs at Grayscale.