Tidal Trust Proposes New Bitcoin ETF for After-Hours Trading
- Tidal Trust II filed a Form N-1A with the SEC to propose two new ETFs tied to Bitcoin.
- The proposed Nicholas Bitcoin and Treasuries AfterDark ETF would buy BTC after US market hours and sell it at market open.
- The fund plans to hold assets in US Treasuries and cash equivalents during daytime hours to mitigate volatility.
- ETF analyst Eric Balchunas noted that most gains in Bitcoin are typically seen after hours.
- Approval by the SEC is not guaranteed, despite previous approvals for various crypto-related ETFs.
This filing represents a strategic move in the cryptocurrency investment landscape, allowing traders to capitalize on price movements occurring outside standard trading hours. The proposed ETF aims to provide indirect exposure to Bitcoin while managing risks associated with price volatility.
If approved, this ETF could potentially enhance returns by leveraging after-hours market trends, as highlighted by Balchunas regarding historical performance patterns. (Source)
