Canadian regulators receive proposal for high-yield, amplified Bitcoin investment product from Hamilton ETFs.

In a significant development, Hamilton ETFs has initiated the process of launching a novel Bitcoin-focused exchange-traded fund (ETF) in Canada, which will employ a unique blend of leverage and short-term options strategies to produce regular income while providing exposure to the prominent cryptocurrency. The proposed Hamilton Enhanced Bitcoin DayMAX ETF is designed to capitalize on the potential of Bitcoin by utilizing covered-call strategies, where the leverage is capped at approximately 25% of the fund's net asset value, to generate premiums from short-term options contracts tied to Bitcoin's price fluctuations.

The ETF's primary objective is to offer investors a combination of Bitcoin exposure and regular monthly income, with plans to list the fund on Cboe Canada under the ticker symbol BDAY. This fund is part of Hamilton ETFs' DayMAX ETF lineup, which distinguishes itself by utilizing 0DTE options contracts that expire on the same day they are traded. However, the launch of the fund remains contingent upon regulatory approval. As a prominent player in the industry, Hamilton ETFs currently manages approximately $16 billion in assets.

This move is reflective of a broader trend in the crypto ETF space, where issuers are increasingly adopting active strategies to differentiate themselves from passive spot crypto products. Earlier this year, BlackRock filed for an actively managed Bitcoin income ETF, which aims to generate regular income through covered-call strategies tied to Bitcoin exchange-traded products. Similarly, Bitwise Asset Management introduced an actively managed ETF that includes assets such as Bitcoin, precious metals, and mining stocks.

Industry experts, including 21Shares president Duncan Moir, have emphasized the suitability of active management approaches for the crypto market, given its early-stage development and rapidly evolving structure. This sentiment is echoed by other major players, such as T. Rowe Price and Goldman Sachs, which have also filed for actively managed crypto ETFs. According to a report from Goldman Sachs Asset Management, active ETFs globally held nearly $1.8 trillion in assets as of 2025, underscoring the growing demand for more sophisticated investment strategies.