Hamilton ETFs files for leveraged Bitcoin income ETF in Canada
The proposed fund would use covered-call and short-term options strategies designed to generate monthly income alongside Bitcoin exposure through a leveraged structure.
Hamilton ETFs filed a preliminary prospectus in Canada for an actively managed Bitcoin income exchange-traded fund (ETF) that would use leverage and short-term options strategies to generate yield alongside Bitcoin exposure.
The proposed Hamilton Enhanced Bitcoin DayMAX ETF would use covered-call strategies and leverage capped at roughly 25% of net asset value. The strategy is designed to generate income by collecting premiums from short-term options contracts tied to Bitcoin (BTC) price movements.
The fund is intended to combine Bitcoin exposure with monthly income generation. The company said the ETF would seek listing approval on Cboe Canada under the ticker symbol BDAY.