Nicholas Bitcoin and Treasuries AfterDark ETF (NGHT)

The Nicholas Bitcoin and Treasuries AfterDark ETF (NGHT) is an actively managed fund that combines bitcoin exposure with U.S. Treasury securities.

As the AfterDark name indicates, the strategy is built around holding bitcoin-linked exposure, typically through bitcoin exchange-traded products, during the overnight hours when U.S. stock markets are closed, and rotating into short-term Treasuries during regular trading hours. The approach seeks to capture bitcoin price movements that occur outside the U.S. trading session.