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Hashdex Closes Tiny Bitcoin ETF | Bitcoin and Crypto News
Description
Hashdex is shutting down its spot Bitcoin ETF, DEFI, on August 17th — the first known liquidation of a U.S. spot Bitcoin ETF — after reviewing low assets, weak inflows, and shifting investor focus toward AI funds. With $14.7M in assets, it was the smallest of its kind, while BlackRock’s AI ETF surged 39% in July as crypto ETFs saw outflows. Despite this exit, the broader U.S. spot Bitcoin ETF market remains robust at over $77B, with giants like BlackRock and Fidelity dominating inflows. Hashdex isn’t exiting crypto ETFs entirely — they still manage other products — signaling that survival in this space depends on staying relevant amid shifting market priorities.
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