Hashdex Liquidates DEFI As First US Spot Bitcoin ETF Closure Arrives

Hashdex has begun liquidating its Hashdex Bitcoin ETF, ticker DEFI, marking the first closure of a US spot Bitcoin ETF since the category launched in 2024.
The fund ceased trading on NYSE Arca on August 17. Hashdex cited low assets under management, high operating costs, and a small asset base of about $14.7 million as reasons for winding down the product. Liquidating cash distributions are expected between August 24 and August 28.
The closure is notable, but it should not be misread.
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