Tidal Trust II files Nicholas Bitcoin and Treasuries 'AfterDark' ETF with U.S. SEC
On December 9, 2025, Tidal Trust II filed with the U.S. SEC for the Nicholas Bitcoin and Treasuries AfterDark ETF, a fund designed to hold Bitcoin exposure only overnight after U.S. markets close. The strategy would gain BTC exposure via spot Bitcoin ETFs, futures, options and U.S.-listed ETPs at night, and rotate into short-term U.S. Treasuries during the day. The filing warns investors could lose part or all of their capital due to market and derivatives risks. Recent data show U.S. spot Bitcoin ETFs recorded over $150 million in net inflows as of December 9, with cumulative net inflows at $57.71 billion and total net assets at $122.1 billion.
