Hashdex closes its Bitcoin ETF DEFI

Comparatively, according to the Wall Street Journal, asset management company Hashdex announced that it will close and liquidate its Hashdex Bitcoin ETF (NYSE Arca: DEFI). As of July 30, the fund's asset management scale is about 14.7 million US dollars.

Hashdex's products for US investors still manage over $200 million in assets. According to the disclosure, the last trading day for the fund's shares is August 17, after which it will stop accepting subscription orders from authorized participants and delist from NYSE Arca.

Shareholders who still hold shares as of the last trading day will receive a cash settlement distribution, which is expected to be paid around August 28. The distribution amount will reflect factors such as Bitcoin price fluctuations during the fund's liquidation period. Hashdex said the closure decision was based on a comprehensive assessment of factors such as the scale of asset management, transaction liquidity, operating costs, and investor interest.