Bitcoin spot ETFs are still attracting money overall, but some products are already struggling and need to close down.
On August 18, U.S. Eastern Time, Bitcoin spot ETF total net inflows were $189 million.
On the same day, Hashdex’s Bitcoin spot ETF DEFI began liquidation due to asset size, trading liquidity, and operating costs.
The fund will liquidate its remaining Bitcoin holdings starting August 18, and is expected to pay cash to holders around August 24. According to Bloomberg data, as of July 30, DEFI’s size was approximately $7.28 million.
On August 18, U.S. Eastern Time, Bitcoin spot ETF total net inflows were $189 million.
On the same day, Hashdex’s Bitcoin spot ETF DEFI began liquidation due to asset size, trading liquidity, and operating costs.
The fund will liquidate its remaining Bitcoin holdings starting August 18, and is expected to pay cash to holders around August 24. According to Bloomberg data, as of July 30, DEFI’s size was approximately $7.28 million.