Hashdex to Close Bitcoin ETF Under Ticker DEFI

Asset manager Hashdex is moving to close its Bitcoin ETF, which currently trades under the ticker symbol DEFI. Following a internal review of its product offerings, the firm decided to liquidate the fund and wind down its operations entirely.

For those holding shares, the final day for trading on the NYSE Arca exchange is set for August 17. After this date, the fund will stop trading and the process of distributing assets to shareholders will begin.

This decision marks a shift for the issuer as it cleans up its product line. Investors who still hold positions in the fund should check with their brokerage accounts to understand how the liquidation process will affect their holdings.

Market participants will be watching to see how these remaining assets are handled as the August deadline approaches. While this specific fund is closing, the broader market for spot Bitcoin products remains active.