Nicholas Wealth Management touts ETF to capture Bitcoin’s overnight trading window

Nicholas Wealth is touting the ETF as a way to isolate Bitcoin’s overnight alpha while reducing exposure to global market volatility during trading hours. “Bitcoin trades 24/7, and its behavior is increasingly driven by global activity outside U.S. market hours,” said David Nicholas, CEO of XFUNDS by Nicholas Wealth, in a statement. The fund does not invest directly in Bitcoin or any other digital assets and does not invest in or seek direct exposure to the current "spot" or cash price of Bitcoin, according to Nicholas Wealth.