Bitcoin Option Income Fund Sees Investors Edge Away as Volatility Bites
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
The Grayscale Bitcoin Covered Call ETF, BTCC, recorded outflows of $651,060 on December 22, 2025, a meaningful move for the options-based crypto vehicle. With assets under management now standing at roughly $24.78 million, the latest redemption represents about 2.63% of the fund’s AUM, suggesting a notable cohort of investors is reassessing covered-call strategies tied to Bitcoin’s choppy price action.
The related asset, BTC-USD, is currently trading at $87,865.50, having slid about 23.18% over the past three months. Despite that drawdown, the short-term technical backdrop is inconclusive, with a 1-day signal of Hold, underscoring a market caught between dip-buyers and profit-takers after a volatile year for the flagship cryptocurrency.
For BTCC, the outflows may reflect waning appetite for yield-enhancement via covered calls at a time when directional conviction on Bitcoin is fragile and implied volatility has become harder to monetize. If Bitcoin’s price continues to drift lower or trade sideways, income-focused investors may continue to reassess whether option-overlay products can adequately compensate for downside risk in the underlying asset.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.