New ETF Offers Bitcoin Exposure Outside U.S. Trading Hours
- The Nicholas Bitcoin and Treasuries AfterDark ETF debuted on the New York Stock Exchange.
- This ETF maintains exposure to Bitcoin only when the exchange is closed.
- Bitcoin rose by 5.8% overnight, reaching $72,600 from $68,600.
- The fund uses a T-1 settlement procedure to finalize accounting before the opening bell.
- XFunds partnered with Tidal Investments to launch this product.
The Nicholas Bitcoin and Treasuries AfterDark ETF aims to provide investors with exposure to Bitcoin outside of U.S. trading hours, potentially capturing price movements like the recent overnight surge of Bitcoin by over $4,000.
This innovative ETF structure could appeal to investors looking for stability during daytime trading while still benefiting from overnight market shifts in digital assets like Bitcoin (Source).
