The XFUNDS ETF isolates Bitcoin's overnight returns
Investors can now isolate Bitcoin's overnight performance through the Nicholas Bitcoin and Treasuries AfterDark ETF (NGHT). The fund captures 'overnight alpha' by shifting its holdings at the close of U.S. markets. It reduces exposure to Bitcoin and moves into U.S. Treasuries during the day. The fund then shifts back to bitcoin after market hours to capitalize on global trading behavior outside U.S. hours. This strategy is executed by the XFUNDS ETF, which toggles between the same two assets throughout the day.
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