PANews reported on June 4 that according to PR Newswire, asset management company Global X announced the launch of the Bitcoin Covered Call Option ETF (code: BCCC). This actively managed fund achieves returns without directly holding the underlying asset by implementing option strategies on Bitcoin ETF products. The ETF uses a synthetic option strategy to establish long exposure and obtains premium income by selling call options; the weekly exercise option strategy generates income and distributes part of the premium to investors on a weekly basis; it is part of Global X's more than 25 income ETF product lines, aiming to balance Bitcoin price volatility and income generation.