Grayscale Investments is set to begin options trading on its spot Bitcoin ETFs, a move prompted by significant investor interest and following BlackRock's record debut with its iShares Bitcoin Trust (IBIT). On the first day of trading, IBIT recorded nearly $1.9 billion in notional exposure, marking an unprecedented level of activity for a new ETF. Grayscale's offerings, including the Grayscale Bitcoin Trust and BTC Mini Trust, will utilize a covered call strategy, aiming to generate income by managing options contracts while holding Bitcoin or GBTC as collateral. This rapid expansion comes in light of a favorable court ruling for Grayscale last year regarding its bid to convert its Bitcoin Trust into a spot ETF, reflecting a shift in the regulatory landscape for crypto ETFs. Bloomberg analysts noted that Grayscale is quickly capitalizing on the momentum generated by BlackRock's initial success, signaling a strong demand for innovative structured products in the Bitcoin market.

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