Nicholas Bitcoin Tail ETF (BHDG) Price & Chart
BHDG ETF Chart & Stats
$21.46
At close: 4:00 PM EDT- Day’s Range
- $21.43 - $21.46
- 52-Week Range
- $20.51 - $26.67
- Previous Close
- $20.68
- Volume
- 433
- Average Volume (3M)
- 6,356
- AUM
- 14.59M
- NAV
- 20.68
- Expense Ratio
- 0.97%
- Holdings Count
- 0
- Beta
- -1.08
- Inception Date
- Mar 18, 2026
- Last Dividend Ex-Date
- N/A
- Dividend Yield
- N/A
- Shares Outstanding
- 690,000
- Standard Deviation
- N/A
ETF Overview
Nicholas Bitcoin Tail ETF
Nicholas Bitcoin Tail ETF (BHDG) is an actively managed exchange-traded fund designed to deliver long‑term capital appreciation by expressing a directional, pair‑style exposure: long Bitcoin and short the U.S. dollar, implemented primarily through derivative instruments. Rather than holding physical bitcoin, the Fund uses futures, swaps, options and other derivatives to synthetically tilt its portfolio toward the return profile of being long BTC while offsetting or shorting USD exposure—seeking to capture upside in bitcoin relative to the dollar. Positioned in a derivative niche, BHDG targets investors who want concentrated, tactical exposure to bitcoin’s price movements without direct custody of crypto assets. The “pair” focus means performance is driven not only by Bitcoin’s absolute move but by its performance versus the dollar, which can amplify asymmetric outcomes when currencies and crypto exhibit divergent behavior. The Fund’s structure can offer operational efficiencies and flexibility for managing exposure, margin and cash flows compared with holding spot bitcoin. BHDG is best suited for sophisticated investors with a high tolerance for volatility and complexity. Derivative-based strategies introduce risks including leverage effects, counterparty and liquidity risk, margin requirements, regulatory uncertainty around crypto and derivatives, and potential tracking error relative to spot bitcoin. As a specialist vehicle, it can serve as a concentrated, tactical allocation for investors seeking enhanced bitcoin exposure with an explicit short‑USD bias, rather than a core, low‑volatility holding.
Nicholas Bitcoin Tail ETF (BHDG) Fund Flow Chart
Nicholas Bitcoin Tail ETF (BHDG) 1 year Net Flows: $18M
BHDG ETF News
Investors Trim Their Bitcoin ‘Tail’: Nicholas BHDG ETF Loses 16% of Assets in a Single Day
Nicholas Bitcoin Tail ETF, the volatility-minded fund trading under BHDG, saw a sharp outflow of $2,768,568 on August 20, 2026, trimming its assets under management to $16,962,280. The latest redemption
1M agoBHDG
BHDG ETF FAQ
What was BHDG’s price range in the past 12 months?
BHDG’s lowest price in the past 12 months was $20.51 and its highest was $26.67.
What is the AUM of BHDG?
As of Oct 21, 2026, the AUM of BHDG is $14.59M.
How many shares outstanding does BHDG have?
BHDG has 690,000 shares outstanding.