Nicholas Wealth Management isolates Bitcoin's overnight alpha to hedge against daytime volatility
Investors can now isolate Bitcoin's overnight alpha while reducing exposure to global market volatility during trading hours. This is the mechanism of the Nicholas Bitcoin and Treasuries AfterDark ETF (NGHT), launched by XFUNDS by Nicholas Wealth in partnership with Tidal Investments. The fund is actively managed and provides long Bitcoin exposure during overnight hours and allocates to short-term U.S. Treasuries and short-term U.S. Treasuries and cash equivalents during daytime trading. The fund does not invest directly in Bitcoin or any other digital assets and does not seek direct exposure to the spot price of Bitcoin.
More Briefs
A three-month extension on margin rule compliance could prevent forced sell-offs in Bangladesh’s distressed market
Apr 12Fundstrat Predicts S&P 500 Target of 7,300 as Sector Repricing Limits Pullback Depth
Apr 12A rate cut is expected, but the data may force the ECB to hold
Apr 12Failed US-Iran talks raise crude prices and erode Federal Reserve rate-cut odds