PANews reported on November 19 that Bloomberg ETF analyst James Seyffart wrote: "Grayscale did not waste time after the BTC ETF options were approved. They have submitted an updated prospectus for their Bitcoin Covered Call ETF (currently there is no trading code), which will provide investments in GBTC (Grayscale Bitcoin Trust) and BTC (Bitcoin Mini Trust), while generating income through the buying and selling of options contracts on Bitcoin ETP."