Wu Blockchain (@WuBlockchain): Hashdex to Close and Liquidate DEFI, the First Spot Bitcoin ETF to Shut Down, with $14.7M in Assets
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Hashdex to Close and Liquidate DEFI, the First Spot Bitcoin ETF to Shut Down, with $14.7M in Assets Hashdex announced that it will close and liquidate the Hashdex Bitcoin ETF (NYSE Arca: DEFI), making it the first spot Bitcoin ETF to shut down. The fund had approximately $14.7 million in assets under management as of July 30. Trading and new subscriptions will end on August 17, after which the fund will be delisted from NYSE Arca. Investors are expected to receive cash liquidation proceeds around August 28. Hashdex cited the fund’s size, liquidity, operating costs, investor demand and broader product strategy as factors behind the decision.