Hashdex has announced it will close and liquidate its Hashdex Bitcoin ETF, with August 17 as the final trading day.

Hashdex announced plans to close and liquidate its Hashdex Bitcoin ETF (DEFI). As of July 30, the fund’s assets under management (AUM) stood at roughly $14.7 million, making it the only fund under the Hashdex Commodities Trust. The firm noted its other products for U.S. investors still hold over $200 million in AUM. Investors may sell their fund shares via NYSE Arca by the close of trading on August 17. After that date, the fund will halt subscription orders from authorized participants, then cease trading and delist. Shareholders holding positions through the August 17 close are expected to receive cash liquidation proceeds around August 28. Following the last trading day, the fund will sell its remaining Bitcoin holdings, abandon its original investment goals, and only proceed with liquidation, liability repayment, and distribution of remaining assets to shareholders. Liquidation proceeds will be calculated based on the fund’s net asset value (NAV) on the liquidation date, minus fund closure and transaction costs. Hashdex cautioned that during the fund’s Bitcoin sale period, crypto prices could experience significant volatility, which may affect the final distribution amount.