The Nicholas Bitcoin and Treasuries AfterDark ETF aims to provide investors with overnight exposure to Bitcoin during non-U.S. trading hours. The unique structure was introduced by XFunds in partnership with Tidal Investments to capture overnight market movements. The fund will allocate Bitcoin futures, options, and other ETFs in the evening. Iran has introduced a Bitcoin-bounted system following a two-week ceasefire agreement between the United States and Iran. JPMorgan reported a significant slowdown in capital inflows into digital assets in the first quarter of 2026. The proposed rules by the FDIC under the GENIUS Act aim to regulate stablecoins and set standards for reserve assets.