Tidal Trust has submitted a filing to the U.S. Securities and Exchange Commission seeking approval for what could become the first “Bitcoin AfterDark ETF,” a product engineered to profit from Bitcoin’s historically strong overnight price performance.
According to the filing, the ETF would purchase Bitcoin at the close of U.S. markets and sell the position the following morning when trading resumes, ensuring the fund holds BTC only during non-trading hours.
During daytime market hours, the fund’s capital would shift into U.S. Treasuries, money-market funds, and similar cash instruments to manage risk while retaining the ability to take overnight BTC exposure.
Senior ETF analyst Eric Balchunas noted that previous research shows most of Bitcoin’s long-term gains occur outside U.S. market hours, meaning the AfterDark ETF may outperform conventional spot Bitcoin ETFs if trends persist.
The SEC has recently become more receptive to crypto-related ETF proposals, following the launch of products such as the first Ethereum Staking ETF introduced by REX Shares in September.
You need to login in order to Like
Leave a comment