XFUNDS launches a new ETF, “NGHT”: holding Bitcoin exposure overnight and investing in US Treasuries during the day.

CoinFeed reported on April 9th ​​that, according to The Block, XFUNDS has launched a new ETF, "NGHT," which tracks Bitcoin's overnight price fluctuations after the close of traditional US stock markets and then reinvests in short-term US Treasury bonds at the opening of the next trading day. The CEO of XFUNDS stated that Bitcoin trades 24/7 and its movements are increasingly driven by global activities outside of US market hours; this strategy aims to systematically capture Bitcoin's overnight gains while reducing exposure to periods when Bitcoin fluctuates in tandem with US stocks.