Nicholas Bitcoin Tail ETF

Frequently Asked Questions About BHDG

What does BHDG invest in?

The Tidal Trust II - Nicholas Bitcoin Tail ETF, also known as the Nicholas Bitcoin Tail ETF, is an exchange-traded fund. It is primarily managed by Tidal Investments LLC, with co-management oversight provided by Nicholas Wealth. LLC. This fund's investment objective is focused on the currency markets, specifically gaining exposure to Bitcoin. It achieves this by investing directly in Bitcoin as well as employing various derivatives, such as options, to build its portfolio. The ETF is based and registered in the United States.

What is the expense ratio of BHDG?

Nicholas Bitcoin Tail ETF (BHDG) charges an expense ratio of 0.97%. This is the annual fee deducted from fund assets to cover management and operations.

How big is BHDG?

Nicholas Bitcoin Tail ETF (BHDG) manages $17.0M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is BHDG actively managed or an index fund?

BHDG's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was BHDG launched?

Nicholas Bitcoin Tail ETF (BHDG) launched in March 2026 and is managed by Nicholasx.

How has BHDG performed?

BHDG's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.