Hashdex will close and liquidate a Bitcoin ETF that manages $14.7 million in assets

According to the news, crypto asset management company Hashdex will close and liquidate its US spot Bitcoin ETF Hashdex Bitcoin ETF, which has assets under management of approximately $14.7 million. The fund will cease trading and be delisted after the market closes on August 17. Shareholders who still hold the fund are expected to receive a cash distribution around August 28, which will take place after the fund sells their remaining Bitcoin holdings.

Hashdex said that after the last trading day, the fund will liquidate the remaining Bitcoin holdings and only carry out matters relating to liquidation, preservation of asset value, payment of liabilities, and distribution of remaining assets to shareholders. Hashdex said it assessed the size of assets under management, transaction liquidity, operating costs, investor interest, and the fund's position in its overall product line before making the liquidation decision. According to the company, it still manages more than $200 million in investment products for US investors.