Hamilton ETFs Proposes Bitcoin Income ETF with Leverage and Options Strategies

Hamilton ETFs has submitted a preliminary prospectus in Canada for a new actively managed Bitcoin income exchange-traded fund (ETF). According to Cointelegraph, this fund aims to utilize leverage and short-term options strategies to generate yield while providing Bitcoin exposure. The proposed Hamilton Enhanced Bitcoin DayMAX ETF plans to employ covered-call strategies with leverage capped at approximately 25% of the net asset value. This approach is intended to generate income by collecting premiums from short-term options contracts linked to Bitcoin (BTC) price movements. The ETF seeks to combine Bitcoin exposure with monthly income generation and aims to secure listing approval on Cboe Canada under the ticker symbol BDAY. Hamilton ETFs has indicated that this fund is part of its DayMAX ETF lineup, which utilizes zero-days-to-expiration (0DTE) options contracts that expire on the same day they are traded. The filing is pending regulatory approval before the fund can commence trading in Canada. Hamilton ETFs currently manages around $16 billion in assets. The move by Hamilton ETFs reflects a broader trend among crypto ETF issuers who are increasingly exploring active strategies beyond passive spot crypto products. Asset managers are positioning digital assets as a category well-suited for more active investment strategies. In January, BlackRock filed for the iShares Bitcoin Premium Income ETF, an actively managed product designed to generate monthly income through covered-call strategies tied to Bitcoin exchange-traded products. Similarly, Bitwise Asset Management launched an actively managed ETF in the same month, focusing on assets including Bitcoin, precious metals, and mining stocks. In March, 21Shares president Duncan Moir highlighted to Cointelegraph that the early-stage and rapidly evolving market structure of crypto makes it particularly suitable for active management approaches. The company has expanded its trading and portfolio management teams to support more sophisticated products. Additionally, T. Rowe Price updated SEC filings for a proposed actively managed crypto ETF investing directly in digital assets such as Bitcoin, Ether (ETH), and Solana (SOL). Goldman Sachs also 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 by the end of 2025.