Hashdex to Close Its U.S. Spot Bitcoin ETF After Weak Inflows
Brazil-based Hashdex will liquidate its DEFI Bitcoin ETF, which held about $14.7 million in assets, ending trading on Aug. 17, 2026.
AfroEuropa Newsroom
AfroEuropa desk
Hashdex, a Brazil-based asset manager, plans to wind down its U.S. spot Bitcoin exchange-traded fund after the product failed to gather significant investor assets, according to reporting by BitKE.
The firm said it will liquidate the Hashdex Bitcoin ETF, which trades on NYSE Arca under the ticker DEFI. As of the end of July 2026, the fund held roughly $14.7 million in assets and about 225 BTC. Trading is set to conclude on Aug. 17, 2026, after which shareholders are expected to receive cash distributions once the fund sells its Bitcoin holdings later in the month.
According to BitKE, Hashdex pointed to several factors behind the move, including assets under management, trading liquidity, operating costs, investor demand and the fund's position within the company's broader range of products.
Keep reading
Nigeria Issues First Guidelines on Taxing Crypto and Virtual Assets
The Nigeria Revenue Service has published its first framework for taxing cryptocurrencies and virtual asset service providers, setting compliance rules for users, exchanges and P2P platforms.
One newsletter, two continents
The Bridge brings you the tech, startups, and leaders moving between Africa and Europe — one sharp email each morning. No spam, unsubscribe anytime.
