Summary
Hashdex’s bitcoin futures fund has been renamed to the Hashdex Bitcoin ETF and will now invest at least 95% of its assets in spot bitcoin. The fund may also invest up to 5% in bitcoin futures contracts. The change comes after the SEC cleared 10 spot bitcoin ETFs to launch in the US, but Hashdex had to wait for approval to make the switch. The ETF joins a thriving category that has seen net inflows of $11.7 billion since launching. Bitcoin’s price recently hit a new all-time high above $73,000.
Key Points
1. Hashdex’s bitcoin futures fund is now able to hold BTC directly, meeting heavy demand in the market over the past two-plus months.
2. The Hashdex Bitcoin Futures ETF (DEFI) has been renamed to Hashdex Bitcoin ETF and will invest at least 95% of its assets in spot bitcoin.
3. The SEC approved proposals for 11 spot bitcoin ETFs, including Hashdex’s, leading to a record $11.7 billion in net inflows for the category since its launch.