This spot Bitcoin ETF only logged six inflow days ever – now investors have until August 17 before forced cash liquidation
Hashdex will cease buying and selling its DEFI Bitcoin ETF after the Aug. 17 shut, giving investors a last window to exit before the fund is liquidated.
According to an SEC filing, investors who stay after buying and selling ends will obtain cash from the liquidation of its Bitcoin holdings by Aug. 28. The eventual payout will mirror the fund’s internet asset worth after Bitcoin value actions, transaction prices, and different closing bills.
The approaching deadline is already shrinking the fund.
Hashdex information confirmed DEFI held about $8.7 million in property and 134.95 BTC on Aug. 11, down from $11.77 million and 180.26 BTC on Aug. 7.
More considerably, shares excellent fell to 120,000 from 160,000 over these three days, a 25% decline that signifies investors have been redeeming positions forward of the shutdown.
Bitcoin ETF rebound bypasses DEFI
The contraction comes whilst cash has returned to US spot Bitcoin ETFs, highlighting how inconsistently that demand is distributed.
During the earlier week, US spot Bitcoin ETFs attracted $865.3 million in internet inflows between Aug. 3 and Aug. 7, Farside Investors information showed.
BlackRock’s IBIT accounted for $693.5 million, or 80.1%, of the entire, leaving roughly $171.8 million for the remainder of the market mixed.
The five-day streak ended Aug. 10, when the group recorded $144.6 million in combination outflows.
While IBIT’s dominance doesn’t clarify Hashdex’s choice to shut DEFI, the distinction reveals how robust headline Bitcoin ETF flows can coexist with weak demand for particular person merchandise.
Meanwhile, that weak point predates the agency’s liquidation effort.
DEFI transformed from its earlier Bitcoin futures strategy to allow direct Bitcoin holdings on March 27, 2024, however didn’t report its first day by day inflow until December that 12 months.
Since the conversion, the fund has registered only six inflow days and three outflow days, reflecting how hardly ever it attracted contemporary capital regardless of the broader enlargement of the spot Bitcoin ETF market.
Its filings present the identical problem attracting capital. DEFI issued $2.14 million of shares in 2025 however redeemed $4.61 million, leading to $2.47 million of internet capital outflow and leaving about $11.90 million in internet property at year-end, its annual filing confirmed.
Activity then stalled in early 2026. The fund recorded no creations or redemptions within the first quarter, whereas administration charges fell to $6,453 from $20,385 a 12 months earlier. Its annualized gross expense ratio additionally declined to 0.25% from 0.56%, in accordance with its quarterly report.
Despite its Bitcoin ETF’s imminent shutdown, the agency maintains that it’s not abandoning the US market and stated it continues to handle greater than $200 million in merchandise out there to US investors.
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