Cboe Canada Welcomes Listing of Hamilton Enhanced Bitcoin DayMAX™ ETF (BDAY)
BDAY offers investors exposure to Bitcoin and attractive semi-monthly income
Cboe Canada Inc. (“Cboe Canada”) one of Canada’s leading exchange operators, today announces the listing of the Hamilton Enhanced Bitcoin DayMAX™ ETF, trading under the ticker BDAY. The fund, managed by Hamilton Capital Partners Inc. (“Hamilton ETFs”) is a first-of-its-kind product that redefines what a Bitcoin covered call ETF can offer Canadian investors.
“We are excited to expand our DayMAX™ ETF suite with the addition of BDAY — Canada's first ETF to combine Bitcoin exposure with a 0DTE options strategy," said Babak Assadi, Head of Product Strategy and Trading at Hamilton ETFs. "As interest in Bitcoin has grown, we saw an opportunity to apply our expertise in income-generating ETFs through a differentiated approach that combines Bitcoin exposure with attractive semi-monthly income.”
Traditional Bitcoin covered call ETFs generate income by selling call options on their holdings, but at a cost: investors give up meaningful upside when Bitcoin surges. BDAY, however, is designed to offer attractive tax-efficient distributions without selling call options on Bitcoin, offering a combination previously unavailable to Canadian ETF investors. BDAY also employs modest 25% leverage to further enhance both yield and growth potential.
