Hashdex Announces Closure and Liquidation of the Hashdex Bitcoin ETF, with Final Trading Day on August 17

According to Huoxing Finance, on August 4, Hashdex announced its plan to shut down and liquidate its Hashdex Bitcoin ETF (DEFI). As of July 30, the fund’s assets under management were approximately $14.7 million, making it the only fund under Hashdex Commodities Trust. Hashdex noted that its other products available to U.S. investors continue to manage over $200 million in assets. Investors may sell their fund shares on the NYSE Arca until the market close on August 17. After this date, the fund will cease accepting creation orders from authorized participants, halt trading, and delist. Shareholders who hold their shares until the market close on August 17 are expected to receive cash distributions around August 28. Following the final trading day, the fund will sell its remaining Bitcoin holdings and will no longer pursue its original investment objective; its sole focus will be on liquidation, settling liabilities, and distributing remaining assets to shareholders. The liquidation proceeds received by shareholders will be calculated based on the fund’s net asset value per share on the liquidation date, minus costs associated with closing the fund and trading expenses. Hashdex cautions that Bitcoin prices may experience significant volatility during the sale period, which could impact the final distribution amount.