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BHDG

Nicholas Bitcoin Tail ETF·NASDAQ
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Key Stats

Assets Under Management
2.06MUSD
Fund Flow (1Y)
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Dividend Yield
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Discount / Premium to NAV
-0.02%
Shares Outstanding
80.00K
Expense Ratio
0.97%

About Nicholas Bitcoin Tail ETF

Issuer
Tidal Investments LLC
Brand
Nicholas
Inception Date
Mar 18, 2026
Structure
Open-Ended Fund
Index Tracked
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Management Style
Active
Dividend Treatment
Reinvests
Distribution Tax Treatment
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Income Tax Type
Capital Gains
Max ST Capital Gains Rate
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Max LT Capital Gains Rate
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Primary Advisor
Tidal Investments LLC
Distributor
Foreside Fund Services LLC
BHDG is an actively managed exchange-traded fund (“ETF”) that seeks to achieve its investment objective by implementing an options-based strategy designed to hedge against significant declines in the price of bitcoin and/or bitcoin-related investments. The Fund is designed for investors that are seeking such a hedge or seeking to benefit from a decline in the price of bitcoin.

Classification

Asset Class
Currency
Category
Pair
Focus
Long BTC, Short USD
Niche
Derivative
Strategy
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Geography
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Weighting Scheme
Proprietary
Selection Criteria
Proprietary

Analysis

Holdings

Symbol

Ratio

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First American Government Obligations Fund 12/01/2031

73.20%
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United States Treasury Bill 05/12/2026

24.24%
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IBIT US 06/18/26 P41

9.89%
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IBIT US 03/27/26 C44

0.11%
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IBIT US 03/27/26 C42.5

-0.37%

Symbol

Ratio

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Cash & Other

-7.07%

Top 10 Weight 100%

6 Total Holding

See all holdings

Related Funds

Seasonals

Volume Profile

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