BHDGNicholas Bitcoin Tail ETF
Seeks long-term capital appreciation.
By Nicholas Wealth, LLC · Launched 2026
Annual Cost
0.97%
#5,177 of 6,040 · expensive
Fund Size
$16M
#4,691 of 6,040 · small
Return (1Y)
N/A
Track Record
6 months
#5,222 of 6,040 · young
Performance
Total-return NAV · USDGrowth of $10,000
$8,868-11.3%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundAsset class
CryptocurrencyStrategy
Option income
Holdings
By weightConcentration
Top 7 holdings = 87.0% of fundconcentrated
First American Government Obli
80.0%
TREASURY BILL
3.8%
N/A
1.8%
N/A
0.9%
N/A
0.6%
N/A
0.0%
N/A
-0.0%
Asset allocation
Cash
85.1%
Stocks
14.1%
Other
0.8%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
N/A
Max drawdown
-18.4%Moderate
Worst peak-to-trough loss
Sharpe (3Y)
Unavailable
Needs 3+ years of history
Sortino (3Y)
Not yet
Needs 3+ years of history
Listing
- Exchange
- NASDAQ Global Select Market
Full fund details
- Objective
- Seeks long-term capital appreciation.
- Strategy
- Actively manages an options-based strategy to hedge against significant declines in the price of bitcoin using options on U.S.-listed ETPs and/or ETFs. Invests primarily in options and collateral investments like U.S. Treasury bills to provide liquidity and margin support.
- Inception date
- March 3, 2026
- Fund family
- Nicholas Wealth, LLC
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Data updated on 2026-09-18