[Tidal Trust Submits Two Bitcoin ETF Applications to the SEC, Planned for 2026 Launch] Tidal Trust has filed a registration statement with the U.S. Securities and Exchange Commission, planning to launch two actively managed ETFs: Nicholas Bitcoin and Treasuries AfterDark ETF (NGHT) and Nicholas Bitcoin Tail ETF (BHDG). NGHT employs an overnight rotation strategy, establishing long Bitcoin exposure during overnight hours and allocating to short-term treasuries and cash equivalents during U.S. stock trading hours. The investment advisor for this series of funds is Tidal Investments LLC, with an expected launch in 2026.