Hashdex to shut smallest Bitcoin ETF after more than two years
The spot price Bitcoin exchange-traded fund, which was never able to attract more than $18 million in net assets, will pay out investors and sell its 225 BTC in the coming weeks.
The smallest Bitcoin exchange-traded fund, Hashdex, is set to shut down after more than two years of operation. The fund, which struggled to attract investors, will distribute its remaining assets to shareholders and sell its 225 BTC holdings. The decision to liquidate the fund was made after considering factors such as trading liquidity, operating costs, and investor interest.
With only $14.25 million in net assets, the ETF failed to gain traction in the competitive cryptocurrency market. Despite the late entry, analysts were optimistic about the fund's potential due to the soaring Bitcoin price. The Hashdex Bitcoin Futures ETF, which was initially a futures ETF before transitioning, peaked at $17.54 million in assets on May 9, 2025.
Currently, the largest Bitcoin ETF in the US is WisdomTree Bitcoin Trust (BTCW), with $140.37 million in net assets.
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