Grayscale has launched two new Bitcoin exchange-traded funds (ETFs), expanding its crypto investment suite with products centered on income generation, according to an April 2 statement shared with CryptoSlate.

In a press release, Grayscale announced that it has launched its Bitcoin Covered Call ETF and Bitcoin Premium Income ETF.

Grayscale Investments, one of the largest Bitcoin ETF issuers, filed to convert its existing private Digital Large Cap Fund to a publicly available exchange traded fund (ETF). It currently contains Bitcoin, Ethereum, XRP, Solana, and Cardano.The existing private fund, which is only available to accredited investors through private placement, heavily leans towards Bitcoin with a 79.4% weighting, at the time of writing.The rest includes Ethereum with 10.69%. XRP, Solana, and Cardano take up 5.85%, 2.92%, and 1.14% respectively. Cardano was only added to the fund in January 2025, the filing states, following the removal of Avalanche (AVAX) due to an index rebalancing.Since its inception in 2018, the fund’s market price has cumulatively increased by 478.83%, the Grayscale site says.The S-3 form filed with the U.S. Securities and Exchange Commission on Monday looks to keep much of this the same while making it more widely available. It is worth noting that the filing is not complete, including the exact management fee percentage, and is subject to change.If successful, the conversion of this fund into an ETF would enable everyday investors to gain exposure to the crypto market