Hashdex to Close and Liquidate Hashdex Bitcoin ETF (DEFI); Last Trading Day Set for Aug. 17

Hashdex said on Aug. 4 that it will shut down and liquidate the Hashdex Bitcoin ETF (DEFI). The fund had about $14.7 million in assets under management as of July 30 and is the sole fund in the Hashdex Commodities Trust, according to Huoxing Finance. Hashdex added that its other products available to U.S. investors continue to oversee more than $200 million in assets. Investors will be able to sell shares on NYSE Arca through the market close on Aug. 17. After that, the ETF will stop accepting creation orders from authorized participants, cease trading, and be delisted. Shareholders who hold shares through the Aug. 17 close are expected to receive cash distributions around Aug. 28. After trading ends, the fund will sell its remaining Bitcoin holdings and will no longer pursue its investment objective, shifting solely to liquidation, settling liabilities, and distributing remaining assets to shareholders. Liquidation proceeds will be based on the fund's net asset value per share on the liquidation date, less fund closure costs and trading expenses. Hashdex warned that Bitcoin's price could be highly volatile during the sale period, potentially affecting the final cash payout.