If You Invested in Nicholas Bitcoin Tail ETF (BHDG)
Looking for the current price? See the BHDG quote & overviewWhat $1,000 or $10,000 in BHDG Would Be Worth Now
Real historical value by amount invested and how long ago| If you invested | 1 year ago | 5 years ago | 10 years ago | Since Mar 18, 2026 |
|---|---|---|---|---|
| $1,000 | — | — | — | $805 -19% |
| $10,000 | — | — | — | $8,052 -19% |
Based on real historical closing prices, dividend- and split-adjusted, through the latest market close. Past performance does not guarantee future results.
Custom Calculation
Choose your own date and amount for BHDG$1,000 Investment Over Time
BHDG vs S&P 500Year-by-Year Returns
BHDG annual performance| Year | Start Price | End Price | Annual Return | Cumulative |
|---|---|---|---|---|
| 2026 | $25.58 | $20.60 | -19.5% | -19.5% |
About Nicholas Bitcoin Tail ETF
NASDAQ
Nicholas Bitcoin Tail ETF (BHDG) is an actively managed, hedge-oriented exchange-traded fund designed around return characteristics tied to Bitcoin. The fund is listed on the NYSE and was launched as part of the XFUNDS by Nicholas Wealth ETF suite in partnership with Tidal Investments LLC.
The fund's strategy focuses on downside protection for Bitcoin and Bitcoin-related investments. BHDG primarily purchases exchange-listed put options on U.S.-listed Bitcoin ETFs, Bitcoin ETPs or a Bitcoin index. Put options are used to create protection against significant declines in the referenced Bitcoin-related instruments or index exposure.
To help offset the cost of that protection, the fund sells call options or implements call spreads. The strategy adjusts strike prices and positioning in response to market conditions and volatility, making the portfolio an actively managed options strategy rather than a passive Bitcoin-tracking product.
BHDG's disclosed risk profile is tied to its use of derivatives and the reference instruments underlying those contracts. Derivatives can involve market risk, imperfect correlation with the underlying exposure, higher price volatility, counterparty risk, liquidity risk, valuation considerations and legal restrictions. Because the fund's option contracts reference equity ETFs, ETPs or indices, the fund can also have indirect equity market exposure. The fund may also hold Treasury securities, which introduces interest-rate risk as bond values fluctuate with changes in interest rates.
Within the public ETF market, BHDG represents a specialized Bitcoin-related hedging product. Its core design combines protective put-option exposure with call-option income or spread mechanics, with the objective of managing downside risk associated with Bitcoin-linked market instruments.
Frequently Asked Questions
Nicholas Bitcoin Tail ETF investment returns
How much would $1,000 invested in Nicholas Bitcoin Tail ETF be worth today?
Limited historical data is available for BHDG. The stock has been trading since 2026-03-18.
Has Nicholas Bitcoin Tail ETF outperformed the S&P 500?
Comparison data requires at least 10 years of trading history. Use the calculator above to compare BHDG performance over available time periods.
What is Nicholas Bitcoin Tail ETF's average annual return?
Your Privacy is Protected
This calculator sends the symbol, date, and amount you enter to our server so we can fetch historical market data and render the result. We do not save those entries as a portfolio or account, but standard web server logs may still record the page request.
For informational and educational purposes only — not investment advice.
