Proposed Bitcoin ETF to Operate Outside U.S. Trading Hours
- Bitcoin has shown better performance when U.S. markets are closed, according to data from Velo.xyz.
- The Nicholas Bitcoin and Treasuries AfterDark ETF (NGTH) aims to buy bitcoin at market close (4 p.m. ET) and sell before market opens (9:30 a.m. ET).
- During the day, the fund will invest in short-term U.S. Treasuries to preserve capital.
- Nicholas Financial Corporation has also filed for a second product, the Nicholas Bitcoin Tail ETF (BHGD).
- The strategy reflects a growing trend of time-based investment approaches in the bitcoin ecosystem.
The proposed Bitcoin ETF seeks to capitalize on bitcoin’s tendency to perform better outside traditional trading hours, potentially influencing investor strategies significantly.
If approved, this innovative ETF could reshape how investors approach Bitcoin investments by focusing on overnight trading opportunities.(Source)
