NGHT ETF — Nicholas Bitcoin and Treasuries AfterDark ETF

Nicholas Bitcoin and Treasuries AfterDark ETF (NGHT)

Updated October 16, 2026.

NGHT is an ETF linked to Bitcoin, U.S. Treasuries. its expense ratio is 0.97%. Total return is -16.1% over the past 0.5 years, 29.6 points behind SPY at 13.5%.

Nicholas Bitcoin and Treasuries AfterDark ETF is an actively managed fund that seeks to capture bitcoin's overnight return profile by combining bitcoin exposure with U.S. Treasury allocation, investing at least 80% of assets in these two asset classes. The fund charges an expense ratio of 0.97% and does not have an established distribution schedule. It appeals to investors seeking bitcoin exposure through a traditional ETF structure combined with fixed income positioning.

NGHT performance versus SPY

Price and return data through 2026-10-16.

Total return is -16.1% over the past 0.5 years, 29.6 points behind SPY at 13.5%.

NGHT key facts

Issuer

Nicholas Wealth Management

Asset type

ETF

Asset class

Equity

Inception date

04/08/2026

Expense ratio

0.97%

Distribution frequency

None

Last close

$22.09 (as of 2026-10-16)

AUM

$24,775,584

Average volume

16490.0

Beta

0.0

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Nicholas Wealth Management or company page; Index: Bitcoin, U.S. Treasuries; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

NGHT risks and drawbacks

Total return has trailed SPY over the available window.

Who may consider NGHT — and who may not

It is a weaker fit for investors who need monthly cash flow (NGHT does not currently distribute); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on NGHT

• All tickers starting with N

Tagged: Bitcoin, Crypto, Treasury, Active.

Frequently asked questions

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