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In a press release on Wednesday, Grayscale announced the launch of Bitcoin options-based ETFs, the Grayscale Bitcoin Covered Call ETF (BTCC) and Grayscale Bitcoin Premium Income ETF (BPI).
The cryptocurrency market capitalization currently stands at $2.82 trillion, reflecting a 1.2% decline in the last 24 hours. Key drivers include fresh Bitcoin acquisitions by institutional players and anticipation for the United States (US) Congress stablecoin legislation review, which enters its second day on Wednesday.
The Bitcoin-Japanese yen (BTC/JPY) pair faced a setback at key trendline resistance Wednesday, as Goldman Sachs (GS) cited the anti-risk yen as the leading hedge against rising U.S. tariff and recession risks.
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