According to ME News, on August 3 (UTC+8), asset management firm Hashdex announced it will shut down and liquidate its Hashdex Bitcoin ETF (NYSE Arca: DEFI), which had approximately $14.7 million in assets under management as of July 30. Hashdex’s products for U.S. investors continue to manage over $200 million in assets. The fund’s final trading day is set for August 17, after which it will cease accepting creation orders from authorized participants and be delisted from NYSE Arca. Shareholders holding shares as of the final trading day will receive a cash distribution from the liquidation, expected to be paid around August 28, with the amount reflecting factors such as Bitcoin price fluctuations during the liquidation period. Hashdex stated that the decision to close the fund was based on a comprehensive evaluation of factors including assets under management, trading liquidity, operational costs, and investor interest. (Source: Foresight News)
Hashdex Announces Closure of the Bitcoin ETF DEFI
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Summary
Hashdex has announced the closure of its Bitcoin ETF (NYSE Arca: DEFI), citing outflows and low asset levels. As of July 30, the fund held $14.7 million in assets. Final trading is scheduled for August 17, with delisting to follow. Shareholders will receive cash distributions by August 28, based on Bitcoin’s price at the time of liquidation. The company stated that ETF inflows are insufficient to justify continued operations, alongside concerns regarding liquidity and costs.
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