Hashdex's U.S. spot Bitcoin ETF (DEFI) to cease trading on Aug 17 due to low assets under management ($14.7M), with shareholders to receive cash distributions by Aug 28 after remaining Bitcoin holdings are sold.
Hashdex is shutting down its $14.7 million Hashdex Bitcoin ETF (DEFI), giving holders until August 17 to sell before liquidation begins August 18 due to operating cost pressures.
Hashdex announced it will liquidate its eponymous spot Bitcoin ETF this month, distributing cash to all remaining shareholders and selling its approximately 225 BTC holdings. The decision follows an evaluation of factors including trading liquidity, operating costs, and investor interest, with the fund holding $14.25 million in net assets.
Brazil's B3 exchange has launched the first guaranteed OTC flexible option tied to a crypto ETF (HASH11), integrating crypto-linked assets into regulated clearing and settlement infrastructure. This move mirrors Brazil's rapid adoption of financial innovations like Pix and positions it ahead of the US in tokenized asset integration.
The CLARITY Act, which aims to regulate the crypto market, is set for consideration by the Senate Banking Committee. If passed, it could lead to significant capital inflows, product development, and institutional acceptance, potentially driving crypto prices higher.
