Bitcoin ETF · Bitcoin · SEC · CryptoSlate
This spot Bitcoin ETF only logged six inflow days ever, now investors have until August 17 before forced cash liquidation
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Hashdex will stop trading its DEFI Bitcoin ETF after the Aug. 17 close, giving investors a final window to exit before the fund is liquidated.
Key facts
- Hashdex data showed DEFI held about $8.7 million in assets and 134.95 BTC on Aug. 11, down from $11.77 million and 180.26 BTC on Aug. 7
- BlackRock’s IBIT accounted for $693.5 million, or 80.1%, of the total, leaving roughly $171.8 million for the rest of the market combined
- During the previous week, US spot Bitcoin ETFs attracted $865.3 million in net inflows between Aug. 3 and Aug. 7, Farside Investors data showed
- The fund recorded no creations or redemptions in the first quarter, while management fees fell to $6,453 from $20,385 a year earlier
Summary
01 Hashdex will stop trading its DEFI Bitcoin ETF after Aug. 17, with liquidation proceeds paid by Aug. 28. 02 The fund’s share count dropped 25% in three days, showing investors are exiting before shutdown and shrinking assets further. 03 DEFI has drawn only six inflow days since its 2024 conversion, leaving open whether weak demand can reverse. According to an SEC filing, investors who remain after trading ends will receive cash from the liquidation of its Bitcoin holdings by Aug. 28.