Latest Paid
$0.185
2026-07-22
DIVIDEND NORTH ETF RESEARCH
BDAY
Speculative BuyHamilton Enhanced Bitcoin DayMAX™ ETF
BDAY combines near-full Bitcoin exposure through IBIT with a separate leveraged QQQM sleeve that uses 0DTE options to generate semi-monthly income. The design avoids writing calls directly on Bitcoin, preserving uncapped Bitcoin upside, but the fund is new, small and high risk.
Next Distribution
$0.185
Projected · 98% confidence
Annualized Payout
$4.44
Based on latest payment · Semi-Monthly
Recent Trend
—
Change across the latest six regular payments
Paid Events
1
Historical records loaded
Projected Events
12
Active forward estimates
Management Fee
—
Issuer-reported field
Leverage
—
Fund-level leverage, when available
LIVE DISTRIBUTION INTELLIGENCE
Dividend history and projections
Confirmed and paid records come from imported issuer data. Amber rows are model-based estimates and are not issuer declarations.
Last Paid
$0.185
Jul 22, 2026
Next Distribution
$0.185
projected
Trailing 12-Month Total
$0.185
1 paid distributions
Payout Trend
— Insufficient history
—
Distribution Stability
Insufficient history
Insufficient history
PaidConfirmedProjected
Showing 13 recent events
| Ex-date | Payment | Amount | Status | Confidence / model |
|---|---|---|---|---|
| Jul 15, 2027 | — | $0.185 | projected | 98% · last declared Latest eligible regular distribution |
| Jun 15, 2027 | — | $0.185 | projected | 98% · last declared Latest eligible regular distribution |
| May 15, 2027 | — | $0.185 | projected | 98% · last declared Latest eligible regular distribution |
| Apr 15, 2027 | — | $0.185 | projected | 98% · last declared Latest eligible regular distribution |
| Mar 15, 2027 | — | $0.185 | projected | 98% · last declared Latest eligible regular distribution |
| Feb 15, 2027 | — | $0.185 | projected | 98% · last declared Latest eligible regular distribution |
| Jan 15, 2027 | — | $0.185 | projected | 98% · last declared Latest eligible regular distribution |
| Dec 15, 2026 | — | $0.185 | projected | 98% · last declared Latest eligible regular distribution |
| Nov 15, 2026 | — | $0.185 | projected | 98% · last declared Latest eligible regular distribution |
| Oct 15, 2026 | — | $0.185 | projected | 98% · last declared Latest eligible regular distribution |
| Sep 15, 2026 | — | $0.185 | projected | 98% · last declared Latest eligible regular distribution |
| Aug 15, 2026 | — | $0.185 | projected | 98% · last declared Latest eligible regular distribution |
| Jul 15, 2026 | Jul 22, 2026 | $0.185 | paid | Imported issuer event · 100% confidence |
Source: imported issuer distribution records and Dividend North projection engine.Updated 2026-07-29, 10:11:39 a.m.
Quick take
Does BDAY solve the Bitcoin-income trade-off?
Structurally, BDAY is differentiated because it generates option income from Nasdaq exposure rather than capping the Bitcoin holding. The unanswered question is whether that design can deliver durable distributions through a full market cycle.
What may appeal
- ✓Preserves full Bitcoin upside participation by not overwriting the Bitcoin sleeve.
- ✓Semi-monthly distributions.
- ✓Lower headline management fee than some Bitcoin-income competitors.
What needs caution
- !Brand-new fund with minimal history.
- !Very small assets under management.
- !Adds Nasdaq, leverage and 0DTE option risks to a Bitcoin position.
Investor fit
Suitable only as a small satellite position for investors who already want Bitcoin exposure, value cash distributions and understand leverage, 0DTE option execution and the fund's very short history.
BDAY price history
Switch between line and bar views and move back through available history. The live series is market price; the fund-note NAV snapshots remain the fallback when the data feed is unavailable.
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Historical total-return comparison
Each series is rebased to 0% at the beginning of the selected range, allowing a like-for-like performance comparison. This is price return unless the data provider supplies adjusted total-return pricing.
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How the fund works
How BDAY is constructed
IBIT Bitcoin exposure
Approximately all NAV is invested in IBIT for direct Bitcoin-price participation.
Leveraged QQQM sleeve
A separate Nasdaq-100 position of roughly 25% is financed with borrowing.
0DTE options income
Short-dated calls are written on the QQQM sleeve, not on Bitcoin, to fund distributions.
Dividend North scorecard
Innovative but unproven
Income sustainability
Only one distribution history
NAV health
Too new to judge
Distribution consistency
Unproven
Holdings quality
IBIT and QQQM are liquid exposures
Cost efficiency
0.85% plus underlying costs
Risk control
Bitcoin, leverage and 0DTE
Alternatives
BDAY versus broader approaches
Approximate figures reproduced from the July 2026 research note. Verify current values with each issuer.
| ETF | Strategy | Leverage | Diversification | Yield | 2026 return |
|---|---|---|---|---|---|
| BDAY | Bitcoin plus leveraged Nasdaq 0DTE income | Up to ~25% | IBIT + QQQM | New | +1.0% |
| FBTC | Spot Bitcoin ETF | None | Bitcoin only | 0% | +12.0% |
| BTCY | Bitcoin covered-call income | None | Bitcoin | High | +8.0% |
Risk review
Key risks for BDAY
Bitcoin volatility
The fund remains primarily a Bitcoin investment and can experience very large drawdowns.
No operating history
There is not enough evidence to judge distribution sustainability or downside behavior.
0DTE execution risk
Daily options outcomes depend on execution, volatility and market conditions.
Small fund scale
Low assets can contribute to wider spreads and increase closure risk.
Final Dividend North view
BDAY is genuinely innovative, but innovation is not the same as proof. Its structure may appeal to investors who want Bitcoin upside and cash flow, yet the tiny asset base, short record and added 0DTE sleeve justify keeping position sizes small.
This page summarizes the Dividend North BDAY fund note dated July 12, 2026. Verify current holdings and distributions with Hamilton ETFs. Educational only.