Canadian Asset Manager Hamilton ETFs Seeks Approval for Leveraged BTC Income Fund
The investment product under consideration would employ covered-call writing and short-term options trading techniques aimed at producing monthly distributions while maintaining Bitcoin market exposure via a leveraged investment structure.
Hamilton ETFs has submitted preliminary prospectus documentation in Canada for an actively managed Bitcoin income exchange-traded fund (ETF) that would employ leverage alongside short-term options trading techniques to produce yield while maintaining Bitcoin market exposure.
The investment product under consideration, named the Hamilton Enhanced Bitcoin DayMAX ETF, would implement covered-call writing techniques and utilize leverage limited to approximately 25% of net asset value. The approach is engineered to produce income through the collection of premiums from short-term options agreements linked to Bitcoin (BTC) price fluctuations.
The investment product aims to deliver Bitcoin market exposure combined with monthly income distribution. According to the company, the ETF would pursue listing authorization on Cboe Canada trading under the ticker symbol BDAY.
Hamilton ETFs indicated the investment product represents part of its DayMAX ETF series, which employs 0DTE, or zero-days-to-expiration, options agreements that reach expiration the same day they are executed.
The regulatory submission remains pending approval from authorities before the investment product can commence trading operations in Canada. Hamilton ETFs oversees approximately $16 billion in assets, according to company information.
Crypto ETF issuers push into active strategies
As investment product providers expand their offerings beyond passive spot crypto investment vehicles, asset management firms are progressively positioning digital assets as an investment category well-suited to more active portfolio management techniques.
In January, BlackRock submitted documentation for the iShares Bitcoin Premium Income ETF, an actively managed investment product engineered to produce monthly income via covered-call writing techniques linked to Bitcoin exchange-traded products. The same month, Bitwise Asset Management introduced an actively managed ETF connected to assets including Bitcoin, precious metals and mining stocks.
In March, 21Shares president Duncan Moir told Cointelegraph that crypto's early-stage and rapidly evolving market structure makes it particularly suited to active management approaches, adding that the company has expanded its trading and portfolio management teams to support more sophisticated products.
The same month, T. Rowe Price updated SEC filings for a proposed actively managed crypto ETF investing directly in digital assets including Bitcoin, Ether (ETH) and Solana (SOL), while Goldman Sachs later filed for a Bitcoin income ETF designed to generate yield through call options tied to spot Bitcoin exchange-traded products.
According to a report from Goldman Sachs Asset Management, active ETFs held nearly $1.8 trillion in assets globally at the end of 2025.
