Hashdex is shutting down its Bitcoin ETF (DEFI) with approximately $14.7 million in assets. Holders must sell before NYSE Arca closes on August 17, when liquidation begins on August 18. The payout date remains unsettled between August 24 and August 28 according to conflicting filings. Each holder’s cash amount will depend on Bitcoin’s sale price and closing costs after liabilities and transaction fees are paid. The closure is driven by cost pressure as the fund’s assets fell below the $20 million threshold, making continued operation unreasonable according to the prospectus.
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