Hamilton ETFs has filed paperwork with Canadian securities regulators for a leveraged Bitcoin income ETF, the firm announced Friday. The product would combine leveraged Bitcoin exposure with options-based income generation — a structure that hasn't been seen in Canada's crypto ETF lineup.
The filing
The proposed fund, which doesn't yet have a ticker, would be the first of its kind in Canada. Hamilton ETFs submitted the prospectus this week. The firm already runs several crypto ETFs, but this one targets a different investor: someone who wants amplified Bitcoin gains plus a monthly paycheck.
How the strategy works
According to the filing, the fund will use covered-call and short-term options strategies to generate monthly income. At the same time, it provides leveraged exposure to Bitcoin. The exact leverage ratio wasn't disclosed in the initial filing. The income component is designed to smooth returns for investors who hold through volatility.
Covered-call strategies involve selling call options on the underlying asset. That caps upside but generates premium income. Short-term options let the fund roll positions frequently, adapting to market moves. It's a playbook common in equity income ETFs but new for crypto.
Canada has been a testing ground for crypto ETFs — it approved spot Bitcoin ETFs years before the U.S. did. But leveraged crypto ETFs are less common. A leveraged income fund is a fresh twist. If approved, it could attract yield-hungry investors who want Bitcoin exposure but also need cash flow.
The timing is noteworthy. Bitcoin's volatility has been lower this year compared to 2025, which can make options strategies more predictable. But leverage cuts both ways — it amplifies losses in downturns.
The prospectus is now under review by Canadian securities regulators. There's no official timeline for a decision. Hamilton ETFs hasn't said when it hopes to launch. The filing doesn't include fee details yet.
Investors should watch for the final prospectus, which will spell out leverage terms, expense ratios, and risk warnings. Until then, the fund exists only on paper.
