Access Bitcoin’s Upside and High Income Every Month
High Income from the World’s Premier Digital Currency
Demand for Bitcoin and its Services is Rising
Bitcoin has become a widely accepted crypto asset for building a reserve for longer term accumulation by corporations, sovereign wealth funds, ETFs, hedge funds, smart contracts, individual investors, and others
Harvest Bitcoin Enhanced Income ETF
MONTHLY VARIABLE CASH DISTRIBUTION
$0.24
Cash, Per Unit
Currency: CAD
Management Style: Active with Covered Calls
Management Fee: 0.65%
Risk Rating: High
Cash Distribution: Monthly
Harvest Bitcoin Leaders Enhanced Income ETF
MONTHLY VARIABLE CASH DISTRIBUTION
$0.33
Cash, Per Unit
Currency: CAD
Management Style: Active with Covered Calls
Management Fee: 0.75%
Risk Rating: High
Cash Distribution: Monthly
Bitcoin: The Story so Far
Bitcoin Historical Price
Bitcoin (BTC) to USD historical price chart (est. 2009).
Source: Bloomberg, May 31, 2025
Bitcoin Scarcity
The US Government is seeking to build a strategic reserve – Models are taking this increasing demand into account
Bitcoin founder Satoshi Nakamoto capped the maximum supply at 21 million to make Bitcoin anti-inflationary, unlike fiat currencies. Bitcoin’s inflation rate stood at 1.7% in December 2024.
Satoshi introduced two mechanisms to preserve Bitcoin scarcity:
- New coins brought into circulation through block rewards
- Reducing these rewards by 50% every time the protocol produces 210,000 blocks
The Bitcoin community refers to these reductions as a “halving”. The first halving occurred in November 2012, and the most recent in April 2024.
The last Bitcoin is expected to be mined in 2140.
Bitcoins in Circulation / Outstanding Supply
Source: HarvestETFs
Bitcoins Mined/Per Month
Source: HarvestETFs
HBTE
Top companies within the Bitcoin Ecosystem with Higher monthly Income
The Harvest Bitcoin Leaders Enhanced Income ETF (HBTE) holds the top 15 publicly traded companies that derive value from either directly holding Bitcoin, mining Bitcoin or by providing services to customers interested in transacting or holding Bitcoin.
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As at May 31, 2025
HBIX
Bitcoin Exposure with Monthly Income
The Harvest Bitcoin Enhanced Income ETF (HBIX) invests in one or more exchange traded funds that provide exposure to the price of Bitcoin. HBIX uses a covered call option strategy and employs modest leverage, aiming to generate high monthly cash distributions.
Covered Call overlay for higher monthly income/distribution
Harvest uses an active and flexible covered call strategy and imposes a maximum write-level up to 50% on its Equity Income Portfolios to ensure that they remain meaningfully exposed to the upside. The chart shows that a covered call strategy (a) serves to provide regular income (option premium), which can act as a cushion to the downside and (b) has the drawback of not capturing the full upside.
Disclaimer: Bitcoin is a digital currency that pays zero income. HBTE holds 15 companies in the Bitcoin ecosystem with positive correlations to the price of Bitcoin. Using modest leverage combined with a covered call strategy, HBTE can generate high levels of monthly income from exposure to the Bitcoin ecosystem.
The Bitcoin Ecosystem
Harvest Bitcoin Enhanced Income ETF
Harvest Bitcoin Leaders Enhanced Income ETF
Key Facts
As at 2025/06/20
TICKER
HBIX
TSX
CURRENCY
CAD
Unhedged
NAV
$12.95
Updated Daily
MKT PRICE CLOSE
$13.00
Updated Daily
NET AUM*
$15.22M
Updated Daily
MGMT STYLE
Active
with Covered Calls
CASH DISTRIBUTION
Monthly
Frequency
FIRST DISTRIBUTION
$0.24
Cash, Per Unit
INCEPTION DATE
April 30
2025
Risk
High
Rating
Key Facts
As at 2025/06/20
TICKER
HBTE
TSX
CURRENCY
CAD
Unhedged
NAV
$14.32
Updated Daily
MKT PRICE CLOSE
$14.37
Updated Daily
NET AUM*
$9.67M
Updated Daily
MGMT STYLE
Active
with Covered Calls
CASH DISTRIBUTION
Monthly
Frequency
FIRST DISTRIBUTION
$0.33
Cash, Per Unit
INCEPTION DATE
April 30
2025
Risk
High
Rating
Key Facts
As at 2025/06/20
TICKER
HBIX
TSX
CURRENCY
CAD
Unhedged
NAV
$12.95
Updated Daily
MKT PRICE CLOSE
$13.00
Updated Daily
NET AUM*
$15.22M
Updated Daily
MGMT STYLE
Active
with Covered Calls
CASH DISTRIBUTIONS
Monthly
Frequency
FIRST DISTRIBUTION
$0.24
Cash, Per Unit
INCEPTION DATE
April 30
2025
RISK
HIGH
Rating
Key Facts
As at 2025/06/20
TICKER
HBTE
TSX
CURRENCY
CAD
Unhedged
NAV
$14.32
Updated Daily
MKT PRICE CLOSE
$14.37
Updated Daily
NET AUM*
$9.67M
Updated Daily
MGMT STYLE
Active
with Covered Calls
CASH DISTRIBUTIONS
Monthly
Frequency
FIRST DISTRIBUTION
$0.33
Cash, Per Unit
INCEPTION DATE
April 30
2025
RISK
HIGH
Rating
Recent Insights
Disclaimer
Commissions, management fees and expenses all may be associated with investing in Harvest Exchange Traded Funds (managed by Harvest Portfolios Group Inc.). Please read the relevant prospectus before investing. The funds are not guaranteed, their values change frequently and past performance may not be repeated.
Distributions are paid to you in cash unless you request, pursuant to your participation in a distribution reinvestment plan, that they be reinvested into the Class of units that you own of the Fund. If the Fund earns less than the amounts distributed, the difference is a return of capital. Tax, investment and all other decisions should be made with guidance from a qualified professional.
Certain statements included in this communication constitute forward-looking statements (“FLS”, including, but not limited to, those identified by the expressions "expect", "intend", "will" and similar expressions to the extent they relate to the Funds. The FLS are not historical facts but reflect the Harvest’s and the portfolio manager of the Funds current expectations regarding future results or events. These FLS are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Although Harvest and the portfolio manager of the Funds believe that the assumptions inherent in the FLS are reasonable, FLS are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. The Funds, Harvest and the portfolio manager of the Funds undertake no obligation to update publicly or otherwise revise any FLS or information whether as a result of new information, future events or other such factors which affect this information, except as required by law.
Where Can I Go to Invest?
Contact a Financial Advisor
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Below are links to some of the self directed brokerage firms available in Canada.
Use and access of third-party websites is at your own risk. Harvest ETFs is not responsible for financial advice, content, functionality or any other aspect of third-party sites. Harvest ETFs is not affiliated with any of these on-line financial service firms. Harvest ETFs will not be compensated by these firms when you place a trade or open an account. The listing of the on-line financial services firms above is not a recommendation or endorsement. By accessing the above websites, you are leaving the Harvest ETFs website and going to a 3rd party site that is independent of Harvest ETFs. Canadian investors may only purchase or trade Harvest ETFs through registered investment dealers, including but not limited to, the online brokerage firms listed above.
