Hashdex announced that it would liquidate the eponymous Bitcoin spot-price exchange-traded funds this month. The company will distribute the money to the remaining investors and sell the roughly 225 BTC held by the fund.
It is a filing On Monday, fund issuers said that the decision had been made following an evaluation of factors, including trading liquidity and operating costs. They also considered investor interest. According to the fund, the 200,000 shares that have been trading on NYSE ARCA since March 2024 under the DEFI symbol have a net asset of $14.25million. website.
Analysts saw an opportunity when BTC traded at its then all-time high price of $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,” Bloomberg Senior ETF analyst Eric Balchunas stated in a report dated March 27, 2024 post.
According to data tracker, Hashdex Bitcoin Futures, which was launched as an ETF for Bitcoin Futures in 2022, had a maximum asset value of $17.54 millions on May 9th, 2025. SoSoValue. WisdomTree Bitcoin Trust, with net assets of $140.37 millions as at Friday’s close on the market is next in size among US BTC ETFs.
Related: Bitcoin may find bear market bottom in August: 10x Research
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Source: cointelegraph.com
