Wu Blockchain has learned that Hashdex announced it will close and liquidate the Hashdex Bitcoin ETF (NYSE Arca: DEFI). As of July 30, the fund's assets under management were approximately $14.7 million. The fund will cease trading and stop accepting subscriptions on August 17, after which it will be delisted from NYSE Arca. Investors still holding shares are expected to receive cash liquidation proceeds around August 28. Hashdex stated that this decision was based on factors such as fund size, liquidity, operating costs, investor demand, and overall product strategy. The fund will sell its remaining Bitcoin holdings and complete liquidation after the final trading day. https://(wublock123.com)/news/hashdex-to-liquidate-bitcoin-etf-14m-aum-65835