Hashdex has officially announced the upcoming liquidation of its own Bitcoin spot fund. Trading in this financial instrument under the DEFI ticker will completely cease on August 17th. This product will be the first Bitcoin spot ETF to leave the modern market. The Fund will completely stop accepting new applications for the creation of additional units. Shareholders who have not repaid their shares will receive a guaranteed monetary refund after the deadline. The management company liquidates all bitcoins in the account after the last trading day. The organization will stop pursuing its stated investment goal and stop any other activity.

Initially, this product was created by converting a futures fund into a spot format. The developers conceived it as a hybrid tool for holding derivative financial products. The current volume of assets under management reaches only $ 14.7 million. The net inflow of funds is 4.27 million with a minimum market share. This indicator ranks last among all such exchange-traded products. Hashdex representatives emphasized maintaining the management of other assets worth two hundred million. The company continues to offer a multi-asset cryptocurrency index fund to American investors.

The closure of this fund complements the general trend of staff reduction in the crypto industry. Many similar projects are gradually leaving the market amid declining interest. Industry participants are closely monitoring the structural changes in the segment of exchange-traded crypto funds. Management companies are forced to optimize their own product lines to maintain profitability. Low amounts of funds raised make the maintenance of small funds economically impractical. Institutional clients concentrate capital in the largest and most liquid products. Analysts continue to study the impact of such corporate decisions on the overall industry dynamics.

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The material has been prepared solely for informational purposes and does not constitute financial advice or recommendation.