Bitcoin 'After Dark' ETF Would Bet on BTC as Wall Street Sleeps

Group 1 - Tidal Trust II has filed for an exchange-traded fund (ETF) that will provide Bitcoin exposure only when U.S. markets are closed, named the Nicholas Bitcoin and Treasuries AfterDark ETF [1] - The ETF will not hold Bitcoin as an underlying asset but will track Bitcoin's performance through futures contracts, options on indices, and spot Bitcoin ETFs [2] - The fund aims to capitalize on the observation that most of Bitcoin's gains occur after hours, as noted by Bloomberg Intelligence Senior ETF Analyst Eric Balchunas [2] Group 2 - Tidal Financial Group, which filed for the ETF, is known for offering "white label ETF solutions" and has a product line branded as "XFunds by Nicholas Wealth" [3] - The firm currently manages an actively-managed fund trading on the NYSE under the ticker "BLOX," which provides exposure to blockchain-related firms [4] - Bitcoin's price was approximately $92,700, reflecting a 1.6% increase over the past day, although it has decreased nearly 4% over the past year [4]