PANews June 4 news, according to PR Newswire, asset management company Global X announced the launch of a Bitcoin covered call option ETF (code: BCCC). This actively managed fund achieves returns by implementing option strategies on Bitcoin ETF products without directly holding the underlying asset. The ETF establishes long exposure through a synthetic option strategy while generating premium income by selling call options; the weekly exercise option strategy generates income, distributing part of the premium to investors weekly; it is part of Global X's line of over 25 income-generating ETF products, aimed at balancing Bitcoin price volatility and income generation.
