XFUNDS ETF Targets Bitcoin’s Overnight Returns and Treasuries by Day

TLDR The XFUNDS ETF, named Nicholas Bitcoin and Treasuries AfterDark ETF (NGHT), toggles between bitcoin and U.S. Treasuries throughout the day. The fund focuses on bitcoin’s overnight performance, capitalizing on the largest share of returns that occur after U.S. market hours. XFUNDS CEO David Nicholas emphasized that the strategy targets bitcoin’s global trading behavior…