Hashdex mentioned it’s going to liquidate its eponymous spot-price Bitcoin exchange-traded fund this month, distributing the money to all remaining shareholders and promoting the fund’s roughly 225 BTC holdings.
In a submitting on Monday, the fund issuer mentioned the choice was made after evaluating elements together with buying and selling liquidity, working prices and investor curiosity. The 200,000 shares, which have traded on NYSE ARCA underneath the DEFI ticker since March 2024, have web belongings of $14.25 million, in keeping with the fund’s web site.
Late to the sport, which noticed the primary of 10 different competing BTC ETFs debut months forward of it, analysts noticed alternative at a time when BTC was buying and selling for the then-all-time excessive of greater than $73,000.
“The getting is so good proper now I may see this one getting some bites (if the charge is aggressive) regardless of being so late,” mentioned Bloomberg Senior ETF analyst Eric Balchunas in a March 27, 2024 submit.
Initially launched in 2022 as a Bitcoin futures ETF, Hashdex Bitcoin Futures ETF, its highest asset degree was $17.54 million, reached on Could 9, 2025, in keeping with knowledge tracker SoSoValue. The following largest ETF among the many US-traded BTC points is WisdomTree Bitcoin Belief (BTCW), with $140.37 million in web belongings as of Friday’s market shut.
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