Skip to content
etf.net

BNAV vs NGHT

Amplify Fairlead Tactical Bitcoin ETF

BNAVCCboe

Nicholas Bitcoin and Treasuries AfterDark ETF

NGHTDNasdaq

Overlap

Expense ratio

BNAV −0.23pt a year

BNAV0.74%NGHT0.97%

Avg volume · 30D

NGHT 2.7×the volume

BNAV4.7KNGHT12.5K

BNAV vs NGHT Performance

Jul 31, 2026 – Oct 30, 2026

+21.6%BNAV−3.2%NGHT

Jul 31, 2026 to Oct 30, 2026. BNAV +21.6%. NGHT −3.2%. Use the arrow keys to read each point.−30%−20%10%30%Jul 2026Sep 2026Oct 2026
Expense ratio
BNAV 0.74%, better
NGHT 0.97%
Fund size
BNAV $3M
NGHT $22M
Holdings
BNAV 4
NGHT 3
Avg volume (30D)
BNAV 4.7K sh
NGHT 12.5K sh, better
NAV per share
BNAV $30.30
NGHT $21.19
52W range

ETF.net Grade

BNAV: Cost 70, Risk 85, Mission not scored, Tradability 49, Holdings 65, Durability 36. NGHT: Cost 33, Risk 38, Mission not scored, Tradability 33, Holdings not scored, Durability 50.
Pillar letters and Scores for BNAV, NGHT, with each pillar’s weight
PillarBNAVNGHT
Cost30% weightA70HigherD33
Mission25% weightNot scoredNot scored
Risk15% weightA85HigherD38
Tradability15% weightC49HigherD33
Holdings10% weightB65Not scored
Durability5% weightD36C50Higher

Rank among Bitcoin Derivatives funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. BNAV and NGHT are both graded against the same 6 Bitcoin Derivatives funds, so their Grades compare head to head.

Bitcoin Derivatives⁠

Category · 6 funds
See all 6 ›

BNAV ranks 3rd and NGHT 4th of 6 funds in the Bitcoin Derivatives Category.

  1. Rank 1BBITOProShares Bitcoin ETFScore 56
  2. Rank 2CBITIProShares Short Bitcoin ETFScore 44
  3. Rank 3CBNAVAmplify Fairlead Tactical Bitcoin ETFScore 40
  4. Rank 4DNGHTNicholas Bitcoin and Treasuries AfterDark ETFScore 35
  5. Rank 5FHBTCFortuna Hedged Bitcoin ETFScore 20
  6. HBITNot yet graded

Our read on each fund

ETF.net Research

BNAVCAmplify Fairlead Tactical Bitcoin ETF

NGHTDNicholas Bitcoin and Treasuries AfterDark ETF

In short

BNAV No data

NGHT Most bitcoin funds ride the coin around the clock. NGHT works the night shift: an actively managed commodity pool built to capture bitcoin's overnight return profile, with Treasuries riding alongside.

Stated mandate

BNAV No data

NGHT The Fund seeks long-term capital appreciation through an actively managed strategy designed to capture bitcoin's overnight return profile.

Why people hold it

BNAV No data

  • NGHT A genuinely unusual mandate in a crowded corner: an active strategy aimed at bitcoin's overnight window, not plain round-the-clock futures exposure.
  • Fee of 0.97% sits right at the median for bitcoin-derivative ETFs, so the specialty strategy is not priced as a luxury.
  • Runs as a commodity pool taking bitcoin exposure through derivatives, so it arrives in a regular brokerage account with no wallets, keys, or exchange logins.

Worth knowing

BNAV No data

  • NGHT Small asset base and light trading, so bid-ask spreads can run wider than the household names in the bitcoin-derivatives group.
  • A 2026 launch means a short track record, and the risk picture rests on limited live data.
  • The result rides on a manager capturing an overnight pattern. Nothing in the structure locks that in, and bitcoin's swings pass straight through.

Full BNAV profile⁠

Full NGHT profile⁠

BNAV vs NGHT Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

BNAV vs NGHT Cost

Overpaying NGHT vs BNAV

$3,891

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • BNAV 0.74%

    $14,307

  • NGHT 0.97%

    $18,198

$10,000
30 years

Cost over time

  • BNAV 0.74%
  • NGHT 0.97%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530NGHT $18,198BNAV $14,307

Year by year

YearBNAVNGHTOverpaying
10$1,319$1,712$393
20$5,015$6,443$1,428
30$14,307$18,198$3,891

Expense ratio

  • 0.74%BNAV, cheaper
  • 0.97%NGHT
  • Middle half of Bitcoin Derivatives funds
  • Median 0.96%

BNAV 2nd cheapest of 6 funds

NGHT 4th cheapest of 6 funds

BNAV vs NGHT Dividends

Last 12 months to Oct 30, 2026
Payout (12M)
BNAV None
NGHT None

Distribution history

BNAVAll BNAV payments⁠

No distribution history available.

NGHTAll NGHT payments⁠

No distribution history available.

BNAV vs NGHT Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

Market sensitivityBeta, 5 years
BNAV 0.00NGHT 0.27

BNAV and NGHT in the news

All news⁠

Popular comparisons

  • BNAVCvsBITOB

    Amplify Fairlead Tactical Bitcoin ETF · ProShares Bitcoin ETF

    Expense ratio
    0.74% · 0.95%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • NGHTDvsBITOB

    Nicholas Bitcoin and Treasuries AfterDark ETF · ProShares Bitcoin ETF

    Expense ratio
    0.97% · 0.95%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • BNAVCvsBITIC

    Amplify Fairlead Tactical Bitcoin ETF · ProShares Short Bitcoin ETF

    Expense ratio
    0.74% · 1.02%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • NGHTDvsBITIC

    Nicholas Bitcoin and Treasuries AfterDark ETF · ProShares Short Bitcoin ETF

    Expense ratio
    0.97% · 1.02%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • BNAVCvsHBTCF

    Amplify Fairlead Tactical Bitcoin ETF · Fortuna Hedged Bitcoin ETF

    Expense ratio
    0.74% · 1.97%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • NGHTDvsHBTCF

    Nicholas Bitcoin and Treasuries AfterDark ETF · Fortuna Hedged Bitcoin ETF

    Expense ratio
    0.97% · 1.97%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.