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Hashdex Axes European Crypto ETPs, Cuts US and Europe Staff

Guavy AI Editorial Team
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Hashdex has liquidated its European crypto Exchange-Traded Products (ETPs) and axed US and Europe staff, according to a report by ETF Stream.

The decision marks a significant shift in the company's strategy, with no clear indication of what sparked this move. Hashdex had been operating ETPs for several popular cryptocurrencies, including Bitcoin and Ethereum.

It is unclear how many employees have been let go or how this will affect the company's operations going forward. The decision to liquidate European crypto ETPs also raises questions about the future of these products in the market.

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