Global X Management Company LLC, a prominent player in the exchange-traded fund (ETF) space, has launched its latest product—the Global X Bitcoin Covered Call ETF (ticker: BCCC).
This new, actively managed fund is designed to provide investors with income exposure to Bitcoin without requiring direct ownership of the cryptocurrency. It achieves this through a covered call strategy, writing options on Bitcoin exchange-traded products (ETPs).
Global X launches Bitcoin Covered Call ETF (BCCC) to generate weekly income
Global X, the U.S. subsidiary of Mirae Asset, has introduced the Bitcoin Covered Call ETF (BCCC), which uses a covered call strategy to generate income by writing options on Bitcoin ETPs, according to PR…
— CoinNess Global (@CoinnessGL) June 4, 2025
Unlike traditional Bitcoin ETFs that focus purely on capital gains or yield generation, BCCC is structured to offer a balanced approach. By writing weekly call options on Bitcoin ETPs, the fund generates consistent premium income, which is distributed to investors regularly. Meanwhile, its long Bitcoin exposure is managed through synthetic options, allowing investors to participate in potential upside while managing downside risk from volatility.
Pedro Palandrani, Head of Product Research & Development at Global X, emphasized the fund’s relevance in today’s market.
“Bitcoin carries significant growth potential but also comes with high volatility,”
he noted.
“BCCC provides a more strategic entry point for investors, combining income generation with exposure to the asset’s growth.”
With an expense ratio of 0.75%, BCCC joins Global X’s lineup of over 25 income-oriented ETFs. Importantly, the fund does not directly hold Bitcoin. Instead, it invests in derivatives based on Bitcoin futures or ETPs, which are subject to margin and collateral requirements that may impact overall performance.
Still, potential investors should consider the associated risks. These include the high volatility of Bitcoin, lack of regulatory clarity, and potential for significant losses. As a non-diversified ETF, BCCC may experience pronounced price swings. Like all ETFs, its shares trade at market price, which can differ from the net asset value (NAV).
Meanwhile, in a move to broaden retail investor access, ARK 21Shares announced a 3-for-1 stock split for its ARKB Bitcoin ETF. Scheduled for June 16, the split is intended to enhance trading efficiency and make the fund more accessible, according to a June 2 statement from issuer 21Shares.
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