Nicholas Bitcoin Tail ETF (BHDG)

Assets	$20.62M
Expense Ratio	0.97%
PE Ratio	n/a
Shares Out	860,000
Dividend (ttm)	n/a
Dividend Yield	n/a
Ex-Dividend Date	n/a
Payout Frequency	n/a
Payout Ratio	n/a

Volume	74
Open	23.76
Previous Close	23.69
Day's Range	23.47 - 23.76
52-Week Low	22.65
52-Week High	26.67
Beta	n/a
Holdings	9
Inception Date	n/a

About BHDG

Fund Home Page

The Nicholas Bitcoin Tail ETF (BHDG) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is an actively managed, providing indirect bitcoin exposure through an options-based strategy aiming to hedge against significant declines in the price of bitcoin and/or bitcoin-related investments. It seeks long-term capital appreciation.

• Asset Class: Currency
• Stock Exchange: NASDAQ
• Ticker Symbol: BHDG
• ETF Provider: Nicholas

Top Holdings

Name	Symbol	Weight
First American Government Obligations Fund Class X	FGXXX	87.84%
IBIT US 09/18/26 P35	n/a	11.83%
OTHER ASSETS AND LIABILITIES	n/a	6.45%
United States Treasury Bills 0%	B.0 10.15.26	2.41%
IBIT US 08/14/26 C38	n/a	0.32%
IBIT US 08/14/26 C38.5	n/a	0.15%
IBIT US 08/14/26 C37.5	n/a	-0.35%
IBIT US 08/14/26 C37	n/a	-0.55%
Cash Offset	n/a	-8.10%

Performance

Data Sources: S&P Global Market Intelligence, CBOE, and more

Historical data is provided by S&P Global Market Intelligence. Real-time stock price data is provided by CBOE and 15-minute delayed consolidated tape pricing data is provided by Nasdaq UTP. Several fund data points are also provided by Finnhub.

Last checked:

Aug 18, 2026

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