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
Home Page
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
First American Government Obligations Fund 12/01/2031
73.20%
United States Treasury Bill 05/12/2026
24.24%
IBIT US 06/18/26 P41
9.89%
IBIT US 03/27/26 C44
0.11%
IBIT US 03/27/26 C42.5
-0.37%
Symbol
Ratio
Cash & Other
-7.07%
Top 10 Weight 100%
6 Total Holding
See all holdings
Related Funds
Seasonals
Volume Profile
Trade Flow Insight
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