Hashdex is shutting down its U.S. spot Bitcoin exchange-traded fund after it amassed just $14.7 million in assets under management.
“Following the Last Trading Day, the Fund will liquidate its remaining Bitcoin holdings,” the filing said. “The Fund will no longer pursue its stated investment objective and will not engage in any business activities other than winding up its business and affairs, preserving the value of its assets, paying its liabilities, and distributing its remaining assets to shareholders.”
Hashdex said it evaluated factors including assets under management, trading liquidity, operating costs, investor interest, and how the fund fit within its broader product lineup before deciding to liquidate. The firm said it continues to manage more than $200 million across investment products available to U.S. investors.
