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Hashdex Winds Down Defi Bitcoin ETF Amid Product Review

Guavy AI Editorial Team
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Hashdex, a Brazilian investment firm, has announced plans to delist and wind down its DEFI Bitcoin ETF after August 17. The decision follows a product review, which led the company to conclude that it is no longer viable. The fund will stop trading on NYSE Arca after the specified date.

The move affects investors who have been holding onto the DEFI Bitcoin ETF for over two years, with some potentially facing losses as a result of the decision. Hashdex has not provided any specific information about what led to this conclusion or how it will impact its investors.

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