Hamilton Capital Partners Inc. (“Hamilton ETFs”) announced the launch of the Hamilton Enhanced Bitcoin DayMAX™ ETF (ticker BDAY). The fund closed its initial Class E offering and is slated to begin trading on Cboe Canada on Thursday, June 25, 2026. BDAY is designed to give investors direct exposure to Bitcoin while generating semi‑monthly income through an actively managed, ultra‑short‑term options overlay and a modest 25 % leverage component. The launch reflects Hamilton ETFs’ broader strategy of expanding its DayMAX™ suite to meet growing client demand for crypto‑linked, income‑oriented products, and it positions the firm as a pioneer in the Canadian ETF market by marrying digital‑asset exposure with sophisticated options techniques.
Hamilton Enhanced Bitcoin DayMAX™ ETF Details
The Hamilton Enhanced Bitcoin DayMAX™ ETF (“BDAY”) seeks to deliver attractive income while providing exposure primarily to Bitcoin. To supplement income earned from its holdings, mitigate risk and reduce volatility, BDAY employs an actively managed, primarily ultra‑short‑term option strategy and employs modest 25 % leverage. The offering of its initial Class E units is now closed, and the ETF will commence trading on Cboe Canada under the ticker symbol “BDAY” on June 25, 2026. By using a zero‑days‑to‑expiration (0DTE) options framework, the fund can capture premium decay on a semi‑monthly basis, aiming to smooth returns and offset Bitcoin’s price swings. The 25 % leverage cap is intended to enhance yield without exposing investors to the higher volatility that full‑scale leverage would entail.
Market Position and Product Strategy
Hamilton ETFs describes BDAY as “Canada's first ETF to combine Bitcoin exposure with a 0DTE options strategy.” Babak Assadi, Head of Product Strategy and Trading at Hamilton ETFs, explained that the product expands the firm’s DayMAX™ suite and reflects growing interest in Bitcoin. He noted that the firm saw an opportunity to apply its expertise in income‑generating ETFs through a differentiated approach that blends Bitcoin exposure with attractive semi‑monthly income. With over $17 billion in assets under management, Hamilton ETFs positions BDAY alongside its broader suite of innovative ETFs that aim to maximize income and growth across trusted sectors. The fund’s design targets semi‑monthly income, leveraging the firm’s expertise in income‑generating ETFs while offering a regulated, exchange‑traded vehicle for crypto exposure.
Relevance for Financial Institutions
For banks, wealth managers, and other financial intermediaries, BDAY offers a regulated, exchange‑traded vehicle that provides indirect Bitcoin exposure without requiring direct custody of the cryptocurrency. The inclusion of an ultra‑short‑term, zero‑days‑to‑expiration (0DTE) options overlay may appeal to clients seeking income generation alongside crypto exposure, while the 25 % leverage cap signals a measured risk profile. As a listed product on Cboe Canada, BDAY is subject to Canadian securities regulations, which may simplify compliance compared with unregistered crypto products. Institutions can therefore incorporate Bitcoin exposure into client portfolios while remaining within familiar regulatory frameworks and leveraging Hamilton ETFs’ established distribution and compliance infrastructure.
Key Takeaways
- Hamilton ETFs launched the Hamilton Enhanced Bitcoin DayMAX™ ETF (ticker BDAY) with trading set for June 25, 2026 on Cboe Canada.
- BDAY combines primary Bitcoin exposure with an actively managed, ultra‑short‑term 0DTE options strategy and applies modest 25 % leverage.
- The product is positioned as Canada’s first ETF to merge Bitcoin exposure with a 0DTE options approach, targeting semi‑monthly income for investors.
FinanceInsyte's Take
The BDAY launch adds a regulated, income‑focused Bitcoin ETF to the Canadian market, offering institutions a compliant avenue for crypto exposure. While the fund’s options overlay and leverage may attract yield‑seeking clients, the forward‑looking nature of the strategy means actual performance could differ from expectations. Executives should monitor BDAY’s distribution track record and regulatory guidance on leveraged crypto‑linked ETFs as the product matures.
Source: Businesswire
