Harvest ETFs Announces listing of New Bitcoin ETFs on Cboe Canada Exchange
OAKVILLE, Ontario--(BUSINESS WIRE)--Apr 30, 2025--
Harvest Portfolios Group Inc. ('Harvest' 'Harvest ETFs') is pleased to announce the completion of the initial offering of Class A Units of the Harvest Bitcoin Enhanced Income ETF and Class A Units of the Harvest Bitcoin Leaders Enhanced Income ETF pursuant to a prospectus dated April 4, 2025, filed with the securities regulatory authorities in all of the Canadian provinces and territories. The Class A Units of the Harvest Bitcoin Enhanced Income ETF will commence trading on the Cboe Canada ('Cboe') exchange today under the following ticker symbol: Cboe:HBIX ('HBIX'). The Class A units of the Harvest Bitcoin Leaders Enhanced Income ETF will commence trading on the Cboe exchange today under the following ticker symbol: Cboe:HBTE ('HBTE').
Distribution Announcement
HBIX will pay a quarterly distribution of $0.24 CAD per Class A Unit and the first monthly distribution will be paid on or about June 9, 2025 to unitholders of record on May 30, 2025 with an ex-dividend date of May 30, 2025.
HBTE will pay a monthly distribution of $0.33 CAD per Class A Unit and the first monthly distribution will be paid on or about June 9, 2025 to unitholders of record on May 30, 2025 with an ex-dividend date of May 30, 2025.
'Harvest is pleased to initiate offerings with Crypto exposure with these two innovative ETFs,' said Michael Kovacs, President and CEO of Harvest, 'We believe that Bitcoin offers a unique growth profile as demand for this digital asset continues to grow while long term supply is limited.'
Investment Objectives
HBIX seeks to provide Unitholders with (i) long-term capital appreciation through purchasing and holding, on a levered basis, an exchange traded fund or portfolio of exchange traded funds which provide exposure to the underlying price movements of the U.S. dollar price of bitcoin, and (ii) high monthly cash distributions. To achieve lower overall volatility of portfolio returns, Harvest Bitcoin Enhanced Income ETF will generally write covered call options on up to 50% of the option eligible portfolio securities held in the portfolio of the Harvest ETF. The level of covered call option writing may vary based on market volatility and other factors.
HBTE will invest, on a levered basis, in securities of Bitcoin Leaders (as defined below) selected by the Manager to seek to provide Unitholders with (i) monthly cash distributions; (ii) the opportunity for capital appreciation; and (iii) lower overall volatility of portfolio returns than would otherwise be experienced by owning securities of the selected Bitcoin Leaders directly on a levered basis. To achieve lower overall volatility of portfolio returns, Harvest Bitcoin Leaders Enhanced Income ETF will generally write covered call options on up to 50% of the option eligible portfolio securities held in the portfolio of the Harvest ETF. The level of covered call option writing may vary based on market volatility and other factors.
For additional information: Please visit www.harvestportfolios.com, e-mail [email protected] or call toll free 1-866-998-8298.
Harvest ETFs invites you to subscribe to our monthly commentary newsletter. By subscribing through the following link, you will receive timely insights, analyses and perspectives directly to your inbox: https://harvestportfolios.com/subscribe
For media inquiries: Contact Caroline Grimont, VP Marketing at [email protected]
Investment Dealers can access and download certain regulatory documents relating to HBIX and HBTE such as the ETF Facts and prospectus via the Harvest website at www.harvestetfs.com.
About Harvest Portfolios Group Inc.
Founded in 2009, Harvest is an independent Canadian Investment Fund Manager managing $6 billion in assets for Canadian Investors. At Harvest ETFs, we believe that investors can build and preserve wealth through the long-term ownership of high-quality businesses. This fundamental philosophy is at the core of our investment approach across our range of ETFs. Our core offerings centre around covered call strategies, available in many variations: Equity, Enhanced, Fixed Income, Multi Asset, Specialty, Digital Assets and Single Stock ETFs.
____________________________
E-mail: [email protected]
Toll free: 1-866-998-8298
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Twitter: https://twitter.com/harvestetfs
Facebook: https://www.facebook.com/HarvestETFs
YouTube: https://www.youtube.com/c/HarvestETFs
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________________________________View source version on businesswire.com:https://www.businesswire.com/news/home/20250430979802/en/
CONTACT: For Additional Information:
Website:https://harvestetfs.com
E-mail:[email protected]
Toll free: 1-866-998-8298
KEYWORD: NORTH AMERICA CANADA
INDUSTRY KEYWORD: ASSET MANAGEMENT PROFESSIONAL SERVICES FINANCE
SOURCE: Harvest Portfolios Group Inc.
Copyright Business Wire 2025.
PUB: 04/30/2025 07:30 AM/DISC: 04/30/2025 07:29 AM
http://www.businesswire.com/news/home/20250430979802/en
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