Hashdex Will Liquidate Market’s Smallest Bitcoin ETF DEFI
Hashdex said in a Monday filing that it will liquidate its eponymous spot-price Bitcoin exchange-traded fund this month, distributing the cash to all remaining shareholders and selling the DEFI fund’s roughly 225 BTC holdings.
Latest NewsPublishedAug 3, 2026The spot price Bitcoin exchange-traded fund, which was never able to attract more than $18 million in net assets, will pay out investors and sell its 225 BTC in the coming weeks. 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’s roughly 225 BTC holdings. In afilingon 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’swebsite. 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. “The getting is so good right now I could see this one getting some bites (if the fee is competitive) despite being so late,” said Bloomberg Senior ETF analyst Eric Balchunas in a March 27, 2024post. 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 trackerSoSoValue. 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’s market close. Related:Bitcoin may find bear market bottom in August: 10x ResearchCointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’sEditorial Policyand aims to provide accurate and timely information. Readers are encouraged to verify information independently.