ETF “AFTERDARK”: NICHOLAS FINANCIAL PROPOSES BITCOIN INVESTMENT STRATEGY ONLY DURING AFTER-HOURS
Nicholas Financial has just filed with the SEC to launch the Nicholas Bitcoin and Treasuries AfterDark ETF (NGTH), a Bitcoin ETF with a completely different strategy. The fund only holds BTC during the time when the US stock market is closed, from 4 PM to 9:30 AM the following day.
During the daytime trading session, the fund shifts all assets to short-term treasury bonds to reduce volatility and take advantage of bond yields. This model targets the statistic that most of the price volatility of BTC in recent years often occurs after hours.
At the same time, Nicholas Financial has also filed for the Nicholas Bitcoin Tail ETF (BHGD), a product geared towards risk hedging.
Will this “only play at night” strategy open up a new tactical ETF race in the crypto market?
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