Connect with us

Uncategorized

Grayscale Lists 2 New Bitcoin ETFs Offering Income From BTC Volatility

Published

on

Crypto asset manager Grayscale has listed two new exchange-traded funds (ETFs) that offer investors a differentiated source of income through bitcoin’s (BTC) characteristic volatility.

The two New York Stock Exchange-listed funds will start trading on Wednesday.

The Bitcoin Covered Call ETF (BTCC) and Bitcoin Premium Income ETF (BPI) offer covered call writing strategies, which involves selling call options to generate income on the premium received.

Call options are derivatives contracts betting on the price of an asset rising. They give the holder the right, but not the obligation, to buy the asset at a predetermined price within a define period of time.

BTCC will write calls very close to spot prices to deliver income for investors seeking regular cash flow, with the options premiums possibly also providing a cushion against market downturns.

BPI meanwhile will target options with strike prices that are well out-of-the-money, meaning the price is much higher than the spot price. This would allow investors to participate in much of BTC’s upside potential while possibly benefiting from some dividend income, according to an emailed announcement from Grayscale on Wednesday.

The options contracts that both ETFs use will track other bitcoin ETFs, including Grayscale’s own Bitcoin Trust (GBTC) and Bitcoin Mini Trust (BTC).

Despite the surge in institutional investment into BTC through spot ETFs since their introduction in January 2024, bitcoin’s volatility does not appear to be going anywhere for the time being.

After gaining nearly 48% in the fourth quarter, the largest cryptocurrency kicked off 2025 by losing 12% in the historically bullish first quarter. It rose by 72% and 69% in the first quarters of 2023 and 2024, respectively, according to data tracked by Coinglass.

Therefore, as institutional investors increase their exposure to bitcoin, there may be more demand for products such as Grayscale’s that can offer differentiated sources of income to cushion against this volatility.

Continue Reading
Click to comment

Leave a Reply

Ваш адрес email не будет опубликован. Обязательные поля помечены *

Uncategorized

Whales Buy the Bitcoin Dip: First Meaningful Accumulation in 8 Months

Published

on

By

Prices remain under pressure and sentiment is so weak one would think it’s 2022 all over again, but for the first time in nearly a year, bitcoin (BTC) whales are buying.

Following months of distribution as bitcoin surged to a record high above $109,000, so-called whales — wallets holding 10,000 BTC or more — are meaningfully accumulating as prices dip to just above $80,000, according to Glassnode data.

The last time whales were buying so aggressively was in August 2024 with bitcoin in the $50,000-$60,000 range as the yen carry trade was unwinding.

Often considered “smart money,” whales tend to buy during deep corrections and sell into strength — a pattern that has played out consistently over the past eight months.

Despite this renewed whale activity, broader market behavior remains bearish, with bitcoin currently down 25% from its all-time high. Glassnode’s Accumulation Trend Score, which tracks the behavior of different wallet cohorts over a 15-day window, shows that most other investor groups are still in distribution mode.

A score closer to 1 signals accumulation, while a score near 0 indicates distribution. With an overall market score of just 0.15, selling pressure remains dominant. This suggests that while whales are starting to buy the dip, broader market sentiment continues to lean bearish, potentially putting further downward pressure on price—at least in the short term.

Continue Reading

Uncategorized


Brazil’s Largest Bank Itaú Unibanco Mulls its Own Stablecoin

Published

on

By

Itaú Unibanco, Brazil’s largest bank by assets, is exploring whether to issue its own stablecoin as regulatory discussions evolve and U.S. financial institutions slowly move into the sector.

The decision could hinge on how American institutions fare with their stablecoin rollouts, said Guto Antunes, head of digital assets at Itaú. At an industry event in São Paulo, Antunes cited the growing momentum behind blockchain-based settlement systems.

“Itaú has always had stablecoins on its radar. We cannot ignore the strength that blockchain has to settle transactions atomically,” local media quoted him saying. Stablecoins, for now, remain a “topic on the agenda.”

The renewed interest in stablecoins comes on the heels of a political shift in the U.S., where lawmakers rejected a central bank digital currency (CBDC) in favor of encouraging private stablecoin alternatives to preserve the dollar’s dominance.

In Brazil, regulators are conducting a public consultation—Consulta Pública No. 111—focused on how stablecoins might fit into the existing financial system. Antunes said the bank is waiting to see what rules the central bank sets before advancing any internal project.

Antunes also raised concerns about a proposed ban on self-custody in Brazil’s draft stablecoin rules. Brazil, it’s worth noting, has barred major pension funds from investing in cryptocurrencies.

Continue Reading

Uncategorized

0xbow’s Ethereum Privacy Pools Surpass 200 Deposits as User Interest Grows

Published

on

By

«Tornado [Cash] is dead, but privacy won’t die,» an ether enthusiast said on X after Oxbow’s Ethereum privacy tools went live on April 1 to facilitate on-chain privacy while dissociating from illicit funds.

The sentiment is echoed by the early uptake for the privacy pools, which have processed 238 user deposit transactions, totaling 67.49 ETH in the first three days. The new tool has received a thumbs-up from Ethereum founder Vitalik Buterin, who was one of the first to deposit ETH.

These privacy pools leverage zero-knowledge proofs and commitment schemes to facilitate ether deposits and subsequent withdrawals, in part or whole, while breaking the link between deposits and withdrawal addresses. Think of it like having a specialized bank account to send money while hiding your identity or how much money you have.

The architecture comprises the contract layer for managing assets, the zero-knowledge layer to ensure privacy and the association set provider layer that ensures compliance by vetting funds.

The three layers work together to preserve privacy while screening transactions for links to illicit actors such as hackers, phishers and scammers. The screening is dynamic, meaning a deposit is accepted but later found malicious, it can be removed.

Privacy pools are non-custodial, ensuring users retain full control over their funds, allowing even rejected deposits to move back funds to their original addresses.

As of now, the deposit limits are set between 0.1 ETH and 1 ETH, with the promise to increase the same after the initial battle testing period.

«This is only the beginning. The road to making privacy normal again is long and exciting, and we can’t do it alone!” 0xbow said on X.

Continue Reading

Trending

Copyright © 2017 Zox News Theme. Theme by MVP Themes, powered by WordPress.