Global X launches Bitcoin covered call options ETF
PANews reported on June 4 that, according to PR Newswire, asset management company Global X announced the launch of a Bitcoin covered call option ETF (code: BCCC). The actively managed fund realizes returns without directly owning the underlying asset by implementing an option strategy on the Bitcoin ETF product. The ETF uses a synthetic options strategy to build long exposure while reaping premium income by selling call options; The option strategy with weekly exercise generates income and distributes a portion of the premium to investors on a weekly basis; It is part of Global X's product line of more than 25 income ETFs, which aims to balance Bitcoin price volatility and yield generation.
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