Bitcoin Option Sellers Flinch as Grayscale’s Covered Call ETF Sees Sharp Outflow
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The Grayscale Bitcoin Covered Call ETF, BTCC, recorded a sizeable outflow of $1,747,576 on January 05, 2026, pulling roughly 7.58% of its assets under management in a single move. The ETF now sits at $23,043,572 in AUM, with the latest redemption suggesting a notable vote of caution from investors in income-focused bitcoin strategies.
The related asset, BTC-USD, is currently trading at $95,066, down about 15.38% over the past three months as volatility has resurfaced across the crypto complex. Despite that medium-term pullback, short-term signals are turning more constructive, with the 1-day technical outlook flashing a Buy.
For BTCC holders, the divergence between weakened three-month price performance and a bullish daily technical read raises a key question: are recent redemptions simply profit-taking after a long bull cycle, or a broader reassessment of covered-call strategies that cap upside in exchange for income? If bitcoin’s near-term momentum continues to improve, investors may reassess the trade-off between option premium and potential price appreciation.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.