New Bitcoin After Dark ETF: Capturing Overnight Bitcoin Returns

2025-12-09 23:28:19

Source: CryptoNewsNet Original Title: An Unprecedented Filing Related to Bitcoin Has Been Made in the US Original Link: A new ETF application has been filed in the US for an interesting Bitcoin-focused financial product.

Bitcoin ETF Only Operates During Market Hours

According to senior ETF analyst Eric Balchunas, this new ETF, called “Bitcoin After Dark,” is designed to hold Bitcoin only when US markets are closed. The fund will buy Bitcoin at market close and sell Bitcoin when US markets open, clearing its position.

Balchunas noted that their analysis found that a significant portion of BTC returns occurred overnight, indicating that such a product could potentially yield higher returns. However, the analyst noted that this doesn’t diminish the impact of spot Bitcoin ETFs on the market, as some of the overnight volatility stems from ETF positioning, derivatives transactions, and flow-related dynamics.

Balchunas added that this application illustrates a larger trend: “The ETF industry will try everything you can imagine, even things you can’t imagine. Is that a bit much? Yes. But that’s how capitalism works; the process is complex. People need to be free to try new things. That’s how the next big innovation comes about.”

BTC-0,14%

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.