Hashdex said it will liquidate its eponymous spot-price Bitcoin exchange-traded fund this month, distributing the cash to all remaining shareholders and selling the fund\u2019s roughly 225 BTC holdings.<\/p>\n
In a filing<\/a> on Monday, the fund issuer said the decision was made after evaluating factors including trading liquidity, operating costs and investor interest. The 200,000 shares, which have traded on NYSE ARCA under the DEFI ticker since March 2024, have net assets of $14.25 million, according to the fund\u2019s website<\/a>.<\/p>\n Late to the game, which saw the first of 10 other competing BTC ETFs debut months ahead of it, analysts saw opportunity at a time when BTC was trading for the then-all-time high of more than $73,000.<\/p>\n \u201cThe getting is so good right now I could see this one getting some bites (if the fee is competitive) despite being so late,\u201d said Bloomberg Senior ETF analyst Eric Balchunas in a March 27, 2024 post<\/a>.<\/p>\n Originally launched in 2022 as a Bitcoin futures ETF, Hashdex Bitcoin Futures ETF, its highest asset level was $17.54 million, reached on May 9, 2025, according to data tracker SoSoValue<\/a>. The next largest ETF among the US-traded BTC issues is WisdomTree Bitcoin Trust (BTCW), with $140.37 million in net assets as of Friday\u2019s market close.<\/p>\n Related: <\/strong><\/em>Bitcoin may find bear market bottom in August: 10x Research<\/strong><\/em><\/a><\/p>\n Related:<\/strong> Bitcoin price<\/a> \u00b7 BTC live chart<\/a> \u00b7 Ethereum price<\/a> \u00b7 ETH gas fee<\/a> \u00b7 Bitcoin price today<\/a> \u00b7 Top 10 cryptocurrencies<\/a><\/p>\n