Hashdex Launches U.S. Spot Bitcoin ETF, Expanding Market Offerings

The conversion of Hashdex's fund into a spot bitcoin ETF marks the eleventh of its kind in the U.S., following regulatory approval.

Hashdex's Bitcoin Futures ETF has been converted into a spot bitcoin ETF, now trading under the ticker DEFI.
The Hashdex Bitcoin ETF will invest at least 95% of its assets in spot bitcoin, with up to 5% in bitcoin futures contracts.
The conversion makes it the eleventh spot bitcoin ETF in the U.S., following the SEC's approval of ten others over two months ago.
The fund's conversion comes after a record high in bitcoin's price, which hit over $73,000 earlier this month.
The spot bitcoin ETF segment has seen significant growth, with net inflows of $11.7 billion since their introduction.