Company Overview

BetaPro Silver 2x Daily Bull ETF, traded in the United States under the OTC ticker HZMXF, is a leveraged exchange-traded fund designed to provide approximately two times the daily performance of silver bullion or silver futures benchmarks before fees and expenses. The fund is part of the BetaPro leveraged ETF lineup managed by Horizons ETFs Management (Canada) Inc., which operates within Canada’s exchange-traded fund industry and specializes in tactical, leveraged, inverse, and commodity-based investment products.

The ETF primarily serves active traders, institutional investors, and sophisticated retail investors seeking short-term amplified exposure to movements in silver prices. Unlike traditional long-only commodity ETFs, the fund is structured for daily leveraged exposure and typically uses derivatives and futures contracts rather than direct physical silver holdings. The product evolved from Horizons’ broader strategy of expanding commodity-linked leveraged investment vehicles in Canada’s ETF market, where the firm established a strong presence in tactical and alternative ETF offerings.

Business Operations

The ETF operates as part of the broader BetaPro Leveraged and Inverse ETF Platform, which includes commodity, equity index, volatility, and sector-focused products. Revenue generation for the fund manager primarily comes from management fees and assets under management across its ETF lineup. The fund’s investment strategy relies heavily on swaps, futures contracts, cash collateral, and other derivative instruments designed to achieve daily leveraged exposure to silver price movements.

Operationally, the ETF is managed in Canada and distributed through brokerage platforms serving both domestic and international investors. The underlying infrastructure depends on relationships with futures exchanges, liquidity providers, custodians, and authorized participants that facilitate ETF creation and redemption activity. The ETF is associated with the broader operations of Horizons ETFs Management (Canada) Inc., which has historically operated under the ownership umbrella of Mirae Asset Financial Group, a global asset management organization with significant ETF operations across multiple regions.

Strategic Position & Investments

The ETF’s strategic positioning centers on providing tactical exposure to precious metals markets during periods of heightened commodity volatility, inflation concerns, currency instability, or macroeconomic uncertainty. Within the Canadian ETF market, the BetaPro platform has differentiated itself through leveraged and inverse structures that cater to short-term trading and hedging strategies rather than long-term passive investing.

The broader organization behind the ETF has invested heavily in expanding thematic, commodity, and alternative ETF offerings. Through integration with Mirae Asset Financial Group, the platform benefits from broader global ETF distribution capabilities, operational scale, and access to international investment infrastructure. The fund’s exposure to silver markets also places it within the broader precious metals and commodities investment ecosystem, where derivatives technology and daily portfolio rebalancing are core operational features.

Geographic Footprint

The ETF is headquartered and managed in Canada, with primary exchange activity tied to Canadian capital markets, while the OTC ticker provides additional accessibility for certain United States investors. The fund’s investment exposure is inherently global because silver pricing is linked to international commodities markets and benchmark futures exchanges.

Through its association with Mirae Asset Financial Group, the broader ETF platform maintains operational and investment connections across North America, Asia, and other international financial markets. The organization’s ETF distribution and asset management activities extend beyond Canada, although the ETF itself remains primarily focused on investors seeking exposure to globally traded silver markets.

Leadership & Governance

Leadership oversight is tied to the management structure of Horizons ETFs Management (Canada) Inc. and its parent organizational framework within Mirae Asset Financial Group. The management approach emphasizes innovation in exchange-traded products, tactical investing tools, and expansion of alternative ETF strategies within the Canadian market.

Key executives associated with the organization include:

• Rohit Mehta – President and Chief Executive Officer
• Thomas Park – Chief Financial Officer
• Nick Piquard – Senior Vice President, ETF Product and Strategy
• Mirae Asset Financial Group leadership – Executive oversight through the parent organization’s global asset management operations

Publicly available information indicates that the organization’s leadership strategy has focused on broadening ETF product offerings, increasing institutional adoption of alternative ETFs, and strengthening cross-border ETF distribution capabilities. Certain operational and governance details specific to the OTC-listed ticker are limited because the instrument represents an over-the-counter quotation linked to a Canadian-listed ETF structure.