Bitcoin doesn't move the same during the day as it does overnight That's the idea behind the Nicholas Bitcoin and Treasuries AfterDark ETF $NGHT. Here are some stats you should know: Expense Ratio: 0.97% Total assets: $26.44M Launched: April 7, 2026 NAV: $22.41 30-Day SEC Yield: 1.79% Distribution Frequency: Weekly (Variable based on fund performance and crypto asset positions) How it works: $NGHT is designed to capture bitcoin's overnight return profile by holding bitcoin exposure only during U.S. overnight hours, from market close to the following market open. During regular U.S. trading hours, the fund shifts its portfolio into short-term U.S. Treasuries and other cash equivalents rather than maintaining continuous bitcoin exposure. The fund gains its bitcoin exposure through futures, ETFs, ETPs, options, and swaps. It does not directly hold bitcoin. Top holdings: 1. U.S. Treasury Bill (6/25/2026) 101.00% 2. iShares Bitcoin Trust Total Return Swap 100.13% 3. First American Government Obligations Fund 1.07%