Hashdex is set to close and liquidate its $14.7 million spot bitcoin ETF, marking what may be the first closure of a U.S. spot bitcoin exchange-traded fund:
DEFI, the smallest of the funds, held $14.7 million in net assets, compared to BlackRock’s IBIT at $47.08 billion:
- Hashdex will announce the closure of DEFI ETF after August 17:
- Inflows into the ETFs have dwindled as investors chase better returns from AI-related investments:
Hashdex cited an evaluation of the fund’s assets under management, liquidity, operating costs, investor interest, and its place within the company’s broader product lineup when announcing the closure:
The closure of DEFI contrasts with the growth of the broader U.S. spot bitcoin ETF market, which holds $77.6 billion in net assets:
