Nicholas Bitcoin Tail ETF (BHDG)

Nicholas Bitcoin Tail ETF (BHDG) is an exchange-traded fund in the Digital Assets category. It has $21.93M in assets and an expense ratio of 0.97%. Under normal market conditions, the fund’s portfolio will primarily consist of: Exchange-listed options on (i) U.S.-listed ETPs and/or ETFs that seek to track the price performance of bitcoin or (ii) an index designed to reflect the price performance of bitcoin, which are intended to provide downside protection during periods of significant declines in the price of bitcoin; and Sold call options or call spread positions on Bitcoin underlying funds and/or a bitcoin index, which are used to help…