According to ChainCatcher, citing The Wall Street Journal, asset manager Hashdex has announced the closure and liquidation of 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 scheduled 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. The distribution amount will reflect 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.
Hashdex to Liquidate Bitcoin ETF DEFI Due to Low Assets and Liquidity
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Summary
Hashdex has announced the liquidation of its Bitcoin ETF (NYSE Arca: DEFI) due to low liquidity and declining assets. As of July 30, the fund held $14.7 million and will cease trading on August 17, with delisting from NYSE Arca. Investors will receive cash distributions by August 28, reflecting Bitcoin price movements during the wind-down period. The decision followed an evaluation of liquidity, asset size, expenses, and investor demand, amid a market influenced by the Fear & Greed Index.
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