Tidal Trust seeks to list after-hours only Bitcoin ETF

Tidal Trust has filed an application (N-1A) with the U.S. Securities and Exchange Commission (SEC) to list the Nicholas Bitcoin & Treasury AfterDark ETF, Cointelegraph reported. The proposed fund is designed to hold Bitcoin exclusively during U.S. after-hours trading and would liquidate its position at the market open. During regular trading hours, its assets would be allocated to U.S. Treasurys, money market funds, and cash equivalents. Bloomberg ETF analyst Eric Balchunas noted that the ETF could potentially outperform existing products, as most of Bitcoin's returns are generated outside of regular market hours.