Recently, the Bitcoin market has experienced significant volatility. During the off-trading period from Tuesday evening to Wednesday morning, the price soared from $68,600 to $72,600, representing a daily increase of 6%. This key movement occurred during the gap between the close of the traditional U.S. stock market and the opening of new trading sessions, causing ETF investors during regular trading hours to miss this opportunity.

Meanwhile, the Nicholas Bitcoin and Treasuries AfterDark ETF, issued by XFunds, was officially listed on the New York Stock Exchange on Wednesday. This ETF is designed to fill this time gap by holding cash and U.S. Treasury bonds during trading hours, and then switching its investment focus to Bitcoin futures, options, and related ETFs starting at 4:30 p.m. ET, in order to capture the gains resulting from nighttime price fluctuations.