Nicholas Financial applies to the US SEC to launch Bitcoin ETF "AfterDark," which only holds BTC during US stock market after-hours.

2025-12-10 01:44:21

Abstract generation in progress

According to TechFlow on December 10, citing CoinDesk, wealth management company Nicholas Financial Corporation has applied to the U.S. Securities and Exchange Commission (SEC) to launch a Bitcoin exchange-traded fund (ETF) called “Nicholas Bitcoin and Treasuries AfterDark ETF” (NGTH).

This fund adopts a unique strategy, holding Bitcoin only during U.S. stock market after-hours. Specifically, it buys Bitcoin after the U.S. stock market closes at 4:00 p.m. Eastern Time and sells it before the market opens at 9:30 a.m. the following morning. During regular trading hours, the fund shifts into short-term U.S. Treasuries for preservation and yield.

Nicholas Financial has also submitted an application for another product, the “Nicholas Bitcoin Tail ETF” (BHGD).

BTC0.56%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.