BHDG — Nicholas Bitcoin Tail ETF

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 trac...

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 finance the cost of purchasing the fund’s long put options. It is non-diversified.

Industry

Cryptocurrency

Exchange

NASD

First trade date

2026-03-03

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