GBTC CEO Michael Sonnenshein Says Cryptocurrency Asset Manager Grayscale Investments Plans To File For A Covered Call Exchange-Traded Fund In An Effort To Allow Investors To Generate Income From Options On Its Grayscale Bitcoin Trust
Portfolio Pulse from Benzinga Newsdesk
Grayscale Investments, led by CEO Michael Sonnenshein, intends to file for a covered call ETF that will allow investors to earn income from options on its Grayscale Bitcoin Trust (GBTC).
January 11, 2024 | 7:26 pm
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Grayscale's plan to file for a covered call ETF could potentially increase interest in GBTC, as it offers a new way for investors to generate income.
The announcement of a new financial product such as a covered call ETF can create positive sentiment among investors, as it provides an additional avenue for income. This could increase demand for GBTC shares in the short term as investors anticipate new options for returns.
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