Nicholas Wealth Launches BHDG To Target Bitcoin Downside Protection
(BHDG)
Company Research
Source: Business Wire
ATLANTA--(BUSINESS WIRE)--XFUNDS by Nicholas Wealth, a leading provider of actively-managed income ETFs, today adds the Nicholas Bitcoin Tail ETF (NYSE: BHDG) to its growing ETF suite. Launched in partnership with Tidal Investments LLC, the actively managed fund is built around distinct return characteristics tied to Bitcoin.BHDG is an actively managed, hedge-oriented ETF designed to protect against significant declines in Bitcoin and Bitcoin-related investments. The fund primarily purchases exchange-listed put options on U.S.-listed Bitcoin ETFs/ETPs or a Bitcoin index to provide downside protection, while selling call options or implementing call spreads to help offset the cost of that protection. The strategy adjusts strike prices and positioning in response to market conditions and volatility.The Fund does not invest directly in bitcoin or any other digital assets. The Fund does not invest in or seek direct exposure to the current “spot” or cash price of bitcoin. Investors see
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