Hashdex Shuts Down US-Listed Bitcoin ETF Due to Low Assets and Trading Volume

Hashdex has announced that it will be closing its US-listed Bitcoin ETF, DEFI. The decision was made due to low assets and trading volume. According to Pluang, Hashdex cited these reasons for shutting down the fund.

The closure is a significant development in the crypto space, as it highlights the challenges faced by cryptocurrency-based ETFs in terms of liquidity and investor interest. Despite the growing popularity of cryptocurrencies, many ETFs have struggled to attract investors due to regulatory hurdles and market volatility.