NGHTOverviewFlowsCompare

NGHT Nicholas Bitcoin and Treasuries AfterDark ETF

A registered fund holding Treasuries and cash, out of Bitcoin for now. It trades like a share.Nicholas0.97% fee$24m net assets, latest filing (Jul 31, 2026)First traded Apr 8, 2026SEC filings ↗Every Nicholas fund ETFIQ covers

From its Apr 8, 2026 launch to Oct 20, 2026, NGHT lost 15.2%, against 15.7% for bitcoin.

−15.2%
Total return, since launch, Apr 8, 2026
Report
+15.7%
Bitcoin over the same days
Report
−26.7%
Difference against Bitcoin, compounded
Report
136
Days it has traded
Report

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Price since launch, Apr 8, 2026

$22.33+0.7%1 day, priceClose, Oct 20, 2026

Price only. Computed by ETFIQ from Tiingo daily prices.

Source: Tiingo end-of-day prices. Data as of Oct 20, 2026. Updated every trading night. Last checked Oct 21, 2026. Report a data error

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NGHT returns by window: total return, cash paid and price change
WindowTotal returnBitcoinDifference, percentage points
1M Sep 18 – Oct 20, 2026+6.3%+1.6%+4.7 pts
3M Jul 21 – Oct 20, 2026+2.4%+24.2%−17.6% of its growth
6M Apr 21 – Oct 20, 2026−12.1%+10.0%−20.0% of its growth
Since launch Apr 8 – Oct 20, 2026−15.2%+15.7%−26.7% of its growth

Total return at closing prices, distributions reinvested. Not shown: year to date, 1 year and 3 years, which the fund has not been listed long enough to fill (listed Apr 2026); its since-launch row covers all of its record. Source: ETFIQ.

Source: Tiingo end-of-day prices, with distributions reinvested. Data as of Oct 20, 2026. Updated every trading night. Last checked Oct 21, 2026. Report a data error

Money in and out

Monthly figures · as of Jul 31, 2026

NGHT: in the month to Jul 31, 2026, net $219k went out, by its SEC filing.

Since Apr 2026
+$31.2m
Apr 1, 2026 to Jul 31, 2026
monthly, from SEC filings

Computed by ETFIQ from the monthly sales and redemptions NGHT files with the SEC on Form N-PORT.

How this is computed

ETFIQ reads no daily figures for this fund, so its flows are monthly, and the latest month filed is Jul 2026. Every day and month ETFIQ holds for NGHT, back to Apr 2026, is in its flows file. Flows across every fund · How these flows are computed · Compare NGHT with other funds in the flows tool

Month by month, money in and money outApr 2026 to Jul 2026

NGHT, money in and money out each month from Apr 2026 to Jul 2026: two bars a month, money in above the line and money out below. Every bar is from NGHT’s SEC filings (N-PORT item B.6). Of the 4 months listed, money came in on net in 3 and went out in 1.

Every bar is from NGHT’s SEC filings (N-PORT item B.6). Of the 4 months listed, money came in on net in 3 and went out in 1.

MonthInOutNet
Jul 2026 SEC Form N-PORT+$855k−$1.1m−$219k
Jun 2026 SEC Form N-PORT+$448k$0+$448k
May 2026 SEC Form N-PORT+$14.1m$0+$14.1m
Apr 2026 SEC Form N-PORT+$18.2m−$1.3m+$16.9m

Most recent first.

How this is computed

N-PORT months: money in is sales plus reinvestments; money out is redemptions.

N-PORT months are the filed sales plus reinvestments less redemptions. Later months add up the daily figures; the Source column names any missing day.

Source: ETFIQ, from the fund’s SEC N-PORT filings. Data as of Jul 31, 2026. Updated when the fund files its next report. Report a data error

NGHT key stats

High since Apr 8, 2026, daily closes to Oct 20, 2026 (ETFIQ)$27.64 on May 6, 2026
Low since Apr 8, 2026, daily closes to Oct 20, 2026 (ETFIQ)$14.75 on Sep 16, 2026
Close on Oct 20, 2026, within that range (ETFIQ)$22.3281, 59% of the way from the low to the high
Range, beta and R-squared computed by ETFIQ from Tiingo daily prices.

About NGHT

Doing it would read −30.9 pts, which is correct and describes nothing a holder can act on: what the figure above states is the gap between the two growth factors, so a fund that kept 73% of what holding the coin gave says exactly that. NGHT is a registered investment company: it files a monthly N-PORT rather than a 10-K.
SponsorNicholas
HoldsTreasuries and cash, out of Bitcoin for now
Measured againstBitcoin at 4pm New York, the coin it reaches
Cash fund (N-PORT, Jul 31, 2026)3.0% of net assets
Other security (N-PORT, Jul 31, 2026)102.8% of net assets
Derivative (N-PORT, Jul 31, 2026)0.0% of net assets
Other assets less other liabilities (N-PORT, Jul 31, 2026)−5.7% of net assets, from the filing’s own totals
Expense ratio (485BPOS XBRL)0.97%Report
Net assets (SEC N-PORT, whole fund, as filed for Jul 31, 2026)$24mReport
Stakingthe chain has none, so no fund holding it can pay a staking yield
First tradedApr 8, 2026
Days traded136
Days it closed unchanged1
Quotedon an exchange, every trading day
Price$22.3281
How we measure
A holder gets exposure to Bitcoin without the fund holding the coin itself. Over the time since launch to Oct 20, 2026, Bitcoin moved +15.7% and NGHT returned −15.2%. That leaves it 26.7% behind once both returns are compounded. Over a window this long the two returns cannot simply be subtracted. That difference is mostly the strategy itself: what its options cost or paid, and the days it held Treasuries rather than Bitcoin, with the fee on top. It is the only figure on this page the sponsor does not publish itself.
Fund closes and coin closes from Tiingo, read at the same two dates. ETFIQ calculation. How these figures are computed

Questions people ask about NGHT

Does NGHT track Bitcoin?
Over the time since launch to Oct 20, 2026 it returned −15.2% against Bitcoin’s +15.7%, which leaves it 26.7% behind once both returns are compounded. That difference carries the fee and what the strategy did, and ETFIQ computes it from the fund’s own closes and the coin’s own closes over the same two dates.
Does NGHT stake?
NGHT holds Treasuries and cash, out of Bitcoin for now rather than Bitcoin itself, so there is nothing for it to stake.
What is NGHT?
Nicholas Bitcoin and Treasuries AfterDark ETF, a fund registered under the Investment Company Act that holds Treasuries and cash, out of Bitcoin for now to reach Bitcoin, from Nicholas, first traded Apr 8, 2026. It files a monthly N-PORT listing what it holds.
Sources and dates
Prices, NGHT and BitcoinPrices, Tiingo end of day ↗
Fee, 0.97%Expense ratio, read from the 485BPOS XBRL filed Mar 9, 2026 ↗
Net assets, $24mSEC N-PORT, whole fund · Jul 31, 2026
All fund filingsFund filings on SEC EDGAR ↗
Expense ratio, read from the 485BPOS XBRL filed Mar 9, 2026 ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement.

How these figures are computed →Standards and sources →Open data →
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ETFIQ, NGHT, crypto ETFs, data as of Oct 20, 2026. https://etfiq.com/funds/nght

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Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.

Tracking difference
The fund’s total return minus the coin’s over exactly the same days, in percentage points. The fee, the custody cost, the creation and redemption friction and whatever the market paid for the shares, all of it, in one number.
Spot
The fund holds the coin itself, through a custodian, rather than futures on it or shares in companies that own it. Only spot funds are in this category; the others are measured where they belong.
Sponsor
Who runs the fund. Most spot crypto ETFs are 1933 Act trusts rather than registered investment companies, so they have a sponsor rather than an adviser, and file a 10-K rather than an N-PORT.
Thinly quoted
A fund whose price sat unchanged on more than one trading day in twenty. Its quoted return is what somebody paid on the days anyone traded, which is not the same thing as what the fund did, so ETFIQ shows it and does not rank it against funds that trade.
Staking
Only proof of stake coins can be staked, so it exists for ether and Solana funds and cannot exist for a bitcoin one. Where a fund stakes, the yield and the sponsor’s share of it are terms in its own filings.
Full definitions: crypto ETFs vocabulary page. →
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NGHT: NGHT since launch: fund −15.19%, Bitcoin +15.67%, 26.67% behind Bitcoin, compounded. Figures to Oct 20, 2026.
<figure style="margin:0;max-width:640px">
<a href="https://etfiq.com/funds/nght"><img src="https://etfiq.com/assistant/api/embed/crypto/nght.svg" alt="NGHT: NGHT since launch: fund −15.19%, Bitcoin +15.67%, 26.67% behind Bitcoin, compounded. Figures to Oct 20, 2026." width="640" style="max-width:100%;height:auto"></a>
<figcaption style="font:13px/1.5 sans-serif">NGHT: NGHT since launch: fund −15.19%, Bitcoin +15.67%, 26.67% behind Bitcoin, compounded. Figures to Oct 20, 2026. Data: <a href="https://etfiq.com/funds/nght">ETFIQ</a></figcaption>
</figure>

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