Grayscale’s Options Twist on Bitcoin Draws Fresh Cash Despite Price Slump
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Grayscale Bitcoin Covered Call ETF BTCC drew an estimated $805,250 in net inflows on February 09, 2026, even as its underlying token remains deep in a three-month slide. The new money accounts for roughly 4.5% of the ETF’s latest reported assets under management of $17.72 million, a sizeable daily bump for a niche options-based crypto vehicle.
The related asset, BTC-USD, is currently trading near $66,745.52 after shedding about 32.8% over the past three months, underscoring the depth of the recent drawdown. Short-term momentum remains fragile, with the 1-day technical signal flashing Sell, suggesting traders are still wary of calling a definitive bottom.
Yet BTCC’s fresh inflows indicate some investors are willing to lean into volatility via a covered-call structure that can harvest option premiums while capping upside. In a market where spot prices have broken sharply from late-2025 highs, income-focused crypto strategies may appeal to allocators looking to stay exposed to Bitcoin with a slightly more defensive profile.
Flows of this magnitude, relative to BTCC’s size, can also influence secondary-market liquidity and bid-ask spreads, potentially making the ETF more tradable if interest persists. If Bitcoin’s price stabilizes while volatility remains elevated, covered-call products like BTCC could see further traction as investors hunt for yield in a bruised but still speculative corner of the digital-asset market.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.

