Digital Assets · NASDAQ · USD · Data as of 2026-07-30
AUM
$21.93M
Expense ratio
0.97%
Yield
—
YTD return
0.00%
Last price
$24.22
Commodity · Coverage 38% · low
Today
39.5
Outlook
37.4
Block A (composite-derived)
25.8
Block C (market behavior)
38.6
Today overlay (Block D)
0.0
Outlook overlay (Block D)
0.0
today_score = clip(0,100, 50 + 0.15·(A−50) + 0.60·(C−50) + D_today). Block B (holdings rollup) is in Phase 3 development; β=0 caps the natural range at ~12.5–87.5 in Preview v0.9. Formula version tide-etf-v1.0.0.
25.8
Coverage 38% · low
Liquidity
25.0
Expenses
—
Performance
37.1
Volatility
—
Dividend
—
Concentration
10.0
Smart Money
—
Activist
—
Formula version composite-v1.0.0. Axes hover to see why a sub-score is missing.
Nicholas Bitcoin Tail ETF (BHDG) is an exchange-traded fund in the Mixed asset class. Assets under management: 13,187,202.
Bullish Whales composite rating: 26 out of 100. Evidence coverage 38% across 3 of 8 axes. Strongest axes: performance, liquidity, concentration.
Weakest axes: concentration, liquidity.
Top-10 weight 1%, diversified, led by FGXXX.
etf_composite_score_current · composite_score, concentration_score, confidence, coverage_pct, liquidity_score, performance_scoreetf_holdings_top10 · holding_symbol, weightetf_universe · asset_class, aum_usd, fund_type, inception_date, issuer, name, tickerNicholas Bitcoin Tail ETF is an actively managed, hedge-oriented exchange-traded fund designed to provide downside protection against significant declines in Bitcoin and Bitcoin-related investments. Rather than investing directly in Bitcoin, the fund employs a derivatives-based strategy, primarily purchasing exchange-listed put options on U.S.-listed Bitcoin ETFs, ETPs, or Bitcoin indices to protect against price decreases. To offset the cost of this protection, the fund sells call options or implements call spreads, with strike prices and positioning adjusted in response to market conditions and volatility. The fund seeks long-term capital appreciation through this structured approach to Bitcoin exposure. Managed by Nicholas Wealth in partnership with Tidal Investments, Nicholas Bitcoin Tail ETF caters to investors seeking controlled exposure to Bitcoin's price movements while intentionally managing downside risk. The fund differs from traditional Bitcoin investments by providing a systematic hedging mechanism rather than direct price exposure, making it suitable for investors who want to engage with Bitcoin volatility in a more deliberate and risk-managed manner.
30-day change
$8.34M
90-day change
—
Current AUM: $21,931,758. AUM change is computed from rolling daily fundamentals snapshots; it reflects total net-asset deltas (creations/redemptions + market value moves), not pure share creations.
Fund documents (fact sheets, prospectuses, semi-annual reports) for BHDG are coming soon. The BW fund-document archive will surface PDFs alongside a metadata index for searchability.