Hamilton Seeks Bitcoin ETF Combining 0DTE Options Strategy

Hamilton Capital Partners, a Canadian asset manager, is seeking to launch a new exchange-traded fund that combines Bitcoin exposure with an ultra-short-dated, or 0DTE, options strategy.

Hamilton ETFs said May 22 that it had filed a preliminary prospectus with Canadian securities regulators for the Hamilton Enhanced Bitcoin DayMax ETF, which will trade under the ticker BDAY.

The fund will invest primarily in Bitcoin while using an actively managed 0DTE options strategy to generate additional income and reduce volatility risk. To meet its return target, it also plans to use leverage, including cash borrowing, of up to 25% of net asset value, or NAV.

Pat Sommerville, Hamilton's co-chief executive officer, said the firm is expanding DayMax, which he described as Canada's first lineup of 0DTE options ETFs, into Bitcoin. He added that the strategy will combine Bitcoin exposure with covered calls to generate tax-efficient monthly distributions.

Hamilton plans to list the fund on Cboe Canada after receiving final regulatory approval.