coin-img-BTCBTC+0.09%coin-img-SOLSOL+0.19%coin-img-XRPXRP-0.73%coin-img-ETHETH+0.22%coin-img-USDCUSDC+0.00%coin-img-ALPHAXALPHAX-23.33%coin-img-DEVERSEDEVERSE-7.25%coin-img-TRXTRX+0.29%coin-img-BTCBTC+0.09%coin-img-SOLSOL+0.19%coin-img-XRPXRP-0.73%coin-img-ETHETH+0.22%coin-img-USDCUSDC+0.00%coin-img-ALPHAXALPHAX-23.33%coin-img-DEVERSEDEVERSE-7.25%coin-img-TRXTRX+0.29%coin-img-BTCBTC+0.09%coin-img-SOLSOL+0.19%coin-img-XRPXRP-0.73%coin-img-ETHETH+0.22%coin-img-USDCUSDC+0.00%coin-img-ALPHAXALPHAX-23.33%coin-img-DEVERSEDEVERSE-7.25%coin-img-TRXTRX+0.29%coin-img-BTCBTC+0.09%coin-img-SOLSOL+0.19%coin-img-XRPXRP-0.73%coin-img-ETHETH+0.22%coin-img-USDCUSDC+0.00%coin-img-ALPHAXALPHAX-23.33%coin-img-DEVERSEDEVERSE-7.25%coin-img-TRXTRX+0.29%

Hashdex to halt trading in DEFI Bitcoin ETF after Aug. 17 close ahead of cash liquidation

AI Market Summary
Hashdex's spot Bitcoin ETF (DEFI) will cease trading after Aug. 17 and liquidate BTC holdings for cash by Aug. 28, prompting accelerated redemptions and a rapid drop in AUM, BTC holdings, and shares outstanding. The episode highlights dispersion within US spot Bitcoin ETF demand: recent category inflows were heavily concentrated in BlackRock's IBIT while smaller products saw weak or negative flows, potentially tightening liquidity in less-scaled vehicles.
Impact level
● Medium
Affected assets
BTC/USDT+0.12%
AI Insight · BTC/USDTAI Insight
● Neutral
Trade now
⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
Hashdex’s Bitcoin ETF (DEFI) has logged net inflows on only six days since launch, while its assets and Bitcoin holdings have continued to shrink. On Aug. 11, the fund managed about $8.7 million and held 134.95 BTC, down 26% and 25% from Aug. 7, respectively. Shares outstanding fell 25% to 120,000 from 160,000, signaling faster redemptions ahead of the Aug. 17 forced cash liquidation. Over the prior week, US spot Bitcoin ETFs took in $865.3 million in net inflows, with BlackRock’s IBIT accounting for 80.1% of that total.
DEFI
DEFI+3.26%
BTC
BTC+0.09%
Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions.

Risk Warning

Cryptocurrencies and their derivatives are innovative financial products with great volatility and high investment risks.

Although BingX is committed to providing users with easy-to-use trading tools, trading itself is still a highly sophisticated field. Trading digital assets and their derivatives are subject to high market risk and price volatility and may result in partial or total loss of account funds. You must carefully consider and exercise clear judgment to evaluate your financial situation and the aforementioned risks before using BingX Services. You shall be responsible for all losses arising therefrom. If necessary, please consult relevant professionals to make informed decisions before investing. By accessing, downloading, using or clicking on "I agree" to accept any BingX Services provided by BingX, you agree that you have read, understood and accepted all of the terms and conditions stipulated in BingX Terms of Use as well as our Privacy Policy.


Trading by copying or replicating the trades of other traders involves a high level of risks, even when copying or replicating the top-performing traders. Past performance of a BingX community member is not a reliable indicator of his future performance. Content on BingX's trading platform is generated by members of its community and does not contain advice or recommendations by or on behalf of BingX.