Hashdex will close and liquidate its US-listed Bitcoin ETF, DEFI, after the fund struggled to attract enough assets and trading activity to remain viable.
Summary
- DEFI held approximately $14.7 million in assets as of July 30.
- The fund’s final trading day is Aug. 17, followed by its NYSE Arca delisting.
- Remaining shareholders should receive a cash liquidation payment around Aug. 28.
- Hashdex’s separate $206.8 million NCIQ crypto index ETF remains active.
DEFI will stop trading on Aug. 17
According to a WSJ report, asset management company Hashdex said the Hashdex Bitcoin ETF, which trades on NYSE Arca under the DEFI ticker, will stop trading after the market…
