Harvest ETFs Announces Listing of New Bitcoin ETFs on Cboe Canada Exchange

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The Canadian investment landscape is evolving with the launch of two innovative exchange-traded funds (ETFs) focused on Bitcoin exposure. Harvest Portfolios Group Inc., known for its strategic and income-focused ETF offerings, has officially listed the Harvest Bitcoin Enhanced Income ETF (HBIX) and the Harvest Bitcoin Leaders Enhanced Income ETF (HBTE) on the Cboe Canada exchange. These new funds provide investors with structured access to Bitcoin’s growth potential while incorporating income-generating strategies designed to enhance returns and manage volatility.

Launch and Trading Details

The Class A Units of both ETFs have completed their initial offering under a prospectus filed with Canadian securities regulators on April 4, 2025. Effective immediately, the funds are now trading on Cboe Canada under the following ticker symbols:

This marks a significant milestone in expanding digital asset investment opportunities within the traditional ETF framework, offering regulated, exchange-listed exposure to Bitcoin-related assets for retail and institutional investors alike.

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Monthly Distributions: A Key Attraction

One of the standout features of these new ETFs is their commitment to regular income distribution—a rare combination in the digital asset space.

These distributions are made in cash unless reinvested through a distribution reinvestment plan (DRIP), providing flexibility for investors seeking either income or compounding growth.

Investment Objectives and Strategy

Harvest Bitcoin Enhanced Income ETF (HBIX)

HBIX is designed to deliver long-term capital appreciation combined with high monthly cash distributions. The fund achieves this by investing—on a levered basis—in one or more ETFs that track the U.S. dollar price of Bitcoin.

To help stabilize returns and generate additional income, HBIX employs a covered call writing strategy on up to 50% of its eligible holdings. By selling call options against its positions, the fund collects premiums that contribute to its monthly payouts. The level of option writing may be adjusted dynamically based on market conditions such as volatility and price trends.

This hybrid approach allows investors to gain leveraged exposure to Bitcoin’s price movements while mitigating some downside risk through option income.

Harvest Bitcoin Leaders Enhanced Income ETF (HBTE)

HBTE takes a different but equally strategic approach by focusing on "Bitcoin Leaders"—companies at the forefront of Bitcoin mining, infrastructure, custody, and related technologies. The fund invests in equity securities of these firms, again using leverage to amplify potential returns.

Like HBIX, HBTE aims to provide:

It also utilizes covered call options on up to 50% of eligible securities to generate premium income and smooth out return fluctuations.

By targeting established players in the Bitcoin ecosystem rather than Bitcoin itself, HBTE offers a more diversified equity-based route to digital asset exposure.

Why These ETFs Matter in 2025

As institutional adoption of digital assets accelerates and regulatory frameworks mature, products like HBIX and HBTE represent a bridge between traditional finance and the crypto economy. They allow investors to participate in Bitcoin’s growth story without holding the underlying cryptocurrency directly—avoiding custody challenges, security risks, and tax complexities often associated with self-hosted wallets.

Moreover, the integration of covered call strategies aligns with Harvest ETFs’ long-standing expertise in income generation across asset classes. This positions the funds as compelling options for yield-seeking investors navigating a low-interest-rate environment.

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FAQ: Your Questions Answered

Q: What is the difference between HBIX and HBTE?
A: HBIX provides indirect exposure to Bitcoin’s price through other ETFs, while HBTE invests directly in stocks of companies leading the Bitcoin industry—such as miners and infrastructure providers.

Q: Are these ETFs suitable for conservative investors?
A: While both use strategies to reduce volatility, they involve leverage and market risk. They are best suited for investors with a moderate-to-high risk tolerance seeking growth and income.

Q: How does the covered call strategy reduce volatility?
A: Selling call options generates income (premiums), which can offset losses during flat or declining markets. However, it limits upside if prices surge above the strike price.

Q: Can I reinvest my distributions?
A: Yes, through a distribution reinvestment plan (DRIP), you can automatically reinvest your cash distributions into additional Class A units.

Q: Is there any guaranteed return?
A: No. Like all investment funds, these ETFs are not guaranteed. Their values fluctuate based on market conditions, and past performance does not predict future results.

Q: Where can I buy shares of HBIX or HBTE?
A: Shares are available through any brokerage account that trades on the Cboe Canada exchange.

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About Harvest Portfolios Group Inc.

Founded in 2009, Harvest manages approximately $6 billion in assets and has built a reputation for innovation in income-focused ETFs. The firm specializes in covered call strategies across multiple asset classes—including equities, fixed income, multi-asset portfolios, and now digital assets. With a philosophy rooted in long-term ownership of high-quality businesses, Harvest continues to expand its offerings to meet changing investor demands.

Its product lineup includes specialized solutions such as single-stock covered call ETFs and thematic plays on emerging sectors, reinforcing its position as a leader in alternative income strategies within the Canadian market.

Investors should be aware that brokerage fees apply when buying or selling units on the exchange. Units may trade at a premium or discount to net asset value (NAV). Ongoing management fees and expenses are disclosed in the prospectus. Distributions may include a return of capital if earnings are insufficient. Always read the fund’s offering documents before investing.