Grayscale Investments has filed for a so-called covered call ETF that seeks to generate income from a position in GBTC a day after securing approval from the Securities and Exchange Commission for its spot bitcoin ETF. 

"The Grayscale Bitcoin Trust Covered Call ETF seeks to provide and deliver current income while also providing participation in the price return of Grayscale Bitcoin Trust," according to a Form N-1A filed Thursday afternoon. 

The fund will not invest in digital assets directly, according to the filing.

"And so it begins…," Nate Geraci, president of The ETF Store, said in a post on X. "Actively managed exposure to GBTC & buys/sells call & put options that use GBTC as reference asset. Going to see all variations of spot bitcoin ETFs."

The new …