Grayscale Bitcoin Premium Income ETF (BPI)
Grayscale Bitcoin Premium Income ETF operates in the Asset Management industry of the Financial Services sector, headquartered in New York City, NY, US. The stock last traded at $20.45, down 0.18% on the session, giving a market capitalisation of $2.9M. Its beta of 1.46 implies it has historically moved more than the broad market.
The fund is an actively managed exchange-traded fund (“ETF”) that seeks indirect exposure to the returns of bitcoin by investing in bitcoin ETPs, including, but not limited to the Grayscale Bitcoin Trust (Ticker: GBTC) and the Grayscale Bitcoin Mini Trust ETF (Ticker: BTC). The manager seeks to deliver this through fully synthetic exposure via the purchase and sale of a combination of call and put option contracts that utilize the Bitcoin ETPs as the reference asset. The fund is non-diversified.
Grayscale Bitcoin Premium Income ETF is most often compared with the following Financial Services names: