Nicholas Bitcoin Tail ETF
Data updated: 2026-09-28
C000271713 — Nicholas Bitcoin Tail ETF. Alternative · $21.09M AUM · 0.97% expense ratio. Holdings, fees, performance and SEC filings.
C000271713 Fund Overview
Nicholas Bitcoin Tail ETF is a US ETF managed by Tidal Trust II, categorised as Alternative. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: Tidal Trust II
- Category: Alternative
- Assets under management: $21.09M
- SEC CIK: 0001924868
- SEC series ID: S000101512
- Share class ID: C000271713
C000271713 Investment Objective and Strategy
Nicholas Bitcoin Tail ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Tidal Trust II.
Investment objective
The Nicholas Bitcoin Tail ETF’s (the “Fund”) investment objective is to seek long-term capital appreciation.
Principal investment strategy
The Fund is an actively managed exchange-traded fund (“ETF”) that seeks to achieve its investment objective by implementing an options-based strategy designed to hedge against significant declines in the price of bitcoin and/or bitcoin-related investments. The Fund is designed for investors that are seeking such a hedge or seeking to benefit from a decline in the price of bitcoin. Under normal market conditions, the Fund’s portfolio will primarily consist of: ● Exchange-listed options on (i) U.S.-listed exchange-traded products (“ETPs”) and/or ETFs that seek to track the price performance of bitcoin (together, “Bitcoin Underlying Funds”) or (ii) an index designed to reflect the price performance of bitcoin (“Bitcoin Index”), which are intended to provide downside protection during periods of significant declines in the price of bitcoin; and ● Sold call options or call spread positions (simultaneously buying a long call option while writing a short call option on the same underlying asset, with different strike prices (i.e., the predetermined, fixed price at which the owner of a call option can buy, or the holder of a put option can sell, the underlying security) but the same expiration date) on Bitcoin Underlying Funds and/or a Bitcoin Index, which are used to help finance the cost of purchasing the Fund’s long put options.
The Adviser actively manages the Fund’s options exposure on a rolling basis, adjusting strike prices, maturities, and positioning in response to changing volatility and market conditions. Option positions are expected to have maturities generally of one year or less. The Fund seeks to perform as follows during the indicated market scenarios: - Bitcoin declines sharply. The Fund’s long put options on bitcoin are designed to rise in value as bitcoin prices fall. While the short call spreads may lose some value in this environment, the appreciation in the long put options is expected to more than offset those losses, resulting in net gains for the F
C000271713 Holdings
Top 2 holdings of Nicholas Bitcoin Tail ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| First American Government Obli | 86.86% |
| Treasury Bill | 2.35% |
C000271713 Portfolio Allocation
Asset-class allocation of Nicholas Bitcoin Tail ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Cash & Equivalents | 86.9% |
| Derivatives | 4.3% |
| Fixed Income | 2.4% |
C000271713 Performance
Total returns for C000271713 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | -3.0% |
C000271713 Costs and Fees
C000271713 costs about $97 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.97%
- Gross expense ratio: 0.97%
C000271713 Cashflows
Over the 12 months to 2026-07, Nicholas Bitcoin Tail ETF had net inflows of $22.04M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-07 | $472.76K |
| 2026-06 | $6.76M |
| 2026-05 | $464.65K |
| 2026-04 | $3.01M |
| 2026-03 | $11.34M |
C000271713 Debt Constituents
Largest debt holdings of Nicholas Bitcoin Tail ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Treasury Bill | 2.35% |
C000271713 Prospectus and SEC Filings
Official Nicholas Bitcoin Tail ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
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Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.