According to its SEC filing, Nicholas Wealth’s AfterDark ETF would hold Bitcoin only overnight to target specific return cycles, while daytime positions would shift into short-term U.S. Treasuries.
Nicholas Wealth filed an SEC application on December 9 for the Nicholas Bitcoin and Treasuries AfterDark ETF (NIGHT), designed to hold Bitcoin exclusively during U.S. overnight trading hours. The strategy aims to capture overnight returns and realize long-term capital gains, with assets shifted to short-term U.S. Treasuries during the day. The filing is part of the company's broader plan, which includes another proposed fund, the Nicholas Bitcoin Tail ETF, combining digital assets with traditional instruments.