PROPOSED ‘AFTERDARK' BITCOIN ETF WOULD SKIP US TRADING HOURS

Summary from the TLDR Crypto newsletter

Nicholas Financial filed with the SEC for an "AfterDark" bitcoin ETF holding BTC only from 4 pm to 9:30 am ET when US markets are closed, rotating into short-term Treasuries during American trading sessions based on data showing Bitcoin trending green overnight and red during US hours. Bloomberg analyst Eric Balchunas confirmed similar 2024 patterns, suggesting spot ETFs or derivatives positioning may be driving the divergence. The fund is a novel approach that treats time of day as a key strategy factor in the growing ecosystem of bitcoin investment products.