This BTC ETF filing recently submitted to the SEC by Tidal Trust is pretty interesting. Right now, BTC is completely following the U.S. stock market. During evenings, weekends, and holidays when the stock market is closed, it becomes weak and sluggish. But because of low liquidity, it’s also prone to big spikes and drops. Tidal Trust aims to capture BTC’s volatility returns during the U.S. stock market’s off-hours. Once the market opens, the fund will convert all assets into treasury bonds and cash, essentially clearing its position. After the market closes, it will use BTC futures, spot ETFs, options, etc., to buy in and fill the trading gap left by other funds during off-hours. https://www.sec.gov/Archives/edgar/data/1924868/000199937125019858/nicholas_485apos-120925.htm