According to PANews, asset management firm Global X has announced the launch of a Bitcoin Covered Call ETF, identified by the ticker BCCC. This actively managed fund aims to generate returns through an options strategy on Bitcoin ETF products without directly holding the underlying asset. The ETF employs a synthetic options strategy to establish a long position while earning premium income by selling call options. The options strategy, executed weekly, generates income that is partially distributed to investors on a weekly basis. This ETF is part of Global X's lineup of over 25 income-focused ETF products, designed to balance Bitcoin price volatility with income generation.

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