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HBIT vs NGHT

ETF Opportunities Trust – Hedgeye Bitcoin ETF

HBIT—NYSE Arca

Nicholas Bitcoin and Treasuries AfterDark ETF

NGHTDNasdaq

Overlap

Expense ratio

HBIT −0.27pt a year

HBIT0.70%NGHT0.97%

Avg volume · 30D

NGHT 1.04×the volume

HBIT12KNGHT12.5K

HBIT vs NGHT Performance

Sep 30, 2026 – Oct 30, 2026

−3.1%HBIT−9.4%NGHT

Sep 30, 2026 to Oct 30, 2026. HBIT −3.1%. NGHT −9.4%. Use the arrow keys to read each point.−7.5%−5%0%2.5%5%Sep 30Oct 15Oct 30
Expense ratio
HBIT 0.70%, better
NGHT 0.97%
Fund size
HBIT $3M
NGHT $22M
Holdings
HBIT 4
NGHT 3
Avg volume (30D)
HBIT 12K sh
NGHT 12.5K sh, better
NAV per share
HBIT $24.91
NGHT $21.19
52W range

ETF.net Grade

  • —HBITNot yet graded
NGHT: Cost 33, Risk 38, Mission not scored, Tradability 33, Holdings not scored, Durability 50.
Pillar letters and Scores for HBIT, NGHT, with each pillar’s weight
PillarHBITNGHT
Cost30% weightNot scoredD33
Mission25% weightNot scoredNot scored
Risk15% weightNot scoredD38
Tradability15% weightNot scoredD33
Holdings10% weightNot scoredNot scored
Durability5% weightNot scoredC50

Rank among Bitcoin Derivatives funds

How we build Categories ›

Bitcoin Derivatives⁠

Category · 6 funds
See all 6 ›

NGHT ranks 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

HBIT—ETF Opportunities Trust – Hedgeye Bitcoin ETF

NGHTDNicholas Bitcoin and Treasuries AfterDark ETF

In short

HBIT 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

HBIT 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

HBIT 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

HBIT 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 HBIT profile⁠

Full NGHT profile⁠

HBIT 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.

HBIT vs NGHT Cost

Overpaying NGHT vs HBIT

$4,592

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

  • HBIT 0.70%

    $13,606

  • NGHT 0.97%

    $18,198

$10,000
30 years

Cost over time

  • HBIT 0.70%
  • 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 $18,198HBIT $13,606

Year by year

YearHBITNGHTOverpaying
10$1,250$1,712$462
20$4,760$6,443$1,683
30$13,606$18,198$4,592

Expense ratio

  • 0.70%HBIT, cheaper
  • 0.97%NGHT
  • Middle half of Bitcoin Derivatives funds
  • Median 0.96%

HBIT cheapest of 6 funds

NGHT 4th cheapest of 6 funds

HBIT vs NGHT Dividends

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

Distribution history

HBITAll HBIT payments⁠

No distribution history available.

NGHTAll NGHT payments⁠

No distribution history available.

HBIT vs NGHT Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

Market sensitivityBeta, 5 years
HBIT 0.00NGHT 0.27

Popular comparisons

  • HBIT—vsBITOB

    ETF Opportunities Trust – Hedgeye Bitcoin ETF · ProShares Bitcoin ETF

    Expense ratio
    0.70% · 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.

  • HBIT—vsBITIC

    ETF Opportunities Trust – Hedgeye Bitcoin ETF · ProShares Short Bitcoin ETF

    Expense ratio
    0.70% · 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.

  • HBIT—vsBNAVC

    ETF Opportunities Trust – Hedgeye Bitcoin ETF · Amplify Fairlead Tactical Bitcoin ETF

    Expense ratio
    0.70% · 0.74%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • NGHTDvsBNAVC

    Nicholas Bitcoin and Treasuries AfterDark ETF · Amplify Fairlead Tactical Bitcoin ETF

    Expense ratio
    0.97% · 0.74%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.