Kraken Institutional and Bitwise launched a Bitcoin covered call strategy for qualified institutions, combining Kraken’s custody services with Bitwise’s yield generation expertise.
Kraken Institutional, in partnership with Bitwise, announced its first custodied investment strategy for qualified institutions. The offering focuses on Bitcoin, using covered call options to generate yield while keeping assets under Kraken custody. Bitwise provides professional management, while Kraken handles custody, trade execution, and risk oversight. This officially launched collaboration aims to help institutions earn returns from idle Bitcoin holdings through a structured, yield-focused approach.