Nicholas Bitcoin Tail ETF (BHDG)

Assets	$15.27M
Expense Ratio	0.97%
PE Ratio	n/a
Shares Out	730,000
Dividend (ttm)	n/a
Dividend Yield	n/a
Ex-Dividend Date	n/a
Payout Frequency	n/a
Payout Ratio	n/a

Volume	1,738
Open	20.79
Previous Close	20.83
Day's Range	20.79 - 20.79
52-Week Low	20.51
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 Obligs X	FGXXX	90.68%
IBIT US 11/20/26 P43	n/a	18.96%
OTHER ASSETS AND LIABILITIES	n/a	4.59%
IBIT US 09/25/26 C46.5	n/a	4.19%
United States Treasury Bills 0%	B.0 10.15.26	3.28%
IBIT US 09/25/26 C48	n/a	1.52%
IBIT US 09/25/26 C47	n/a	-3.44%
IBIT US 09/25/26 C45.5	n/a	-7.27%
Cash Offset	n/a	-12.51%

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:

Sep 28, 2026

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