Stock Taper
| DATE | TYPE | RATIO |
|---|---|---|
| 2011-09-20 | Forward | 8:1 |
| 2009-06-09 | Reverse | 1:100 |
| 2006-12-01 | Reverse | 1:20 |
NGHT is an actively managed ETF that captures overnight bitcoin returns by holding bitcoin derivatives overnight via a Cayman subsidiary, shifting to cash or Treasuries during US trading hours to manage risk and liquidity.

An actively managed ETF that captures bitcoin's overnight returns by holding bitcoin overnight and U.S. Treasuries and cash equivalents during U.S. trading hours.