The fund’s shutdown is documented in a filing submitted to the US Securities and Exchange Commission, which sets out the delisting and liquidation of the DEFI product, according to the SEC filing. Product details for the fund are maintained on Hashdex’s DEFI page.
The end of trading is the first visible step in the process, after which shares no longer change hands on the exchange. The move follows Hashdex’s earlier decision to delist and liquidate the DEFI Bitcoin ETF. For related coverage, see SEC Allows Hashdex ETF to Include XRP, SOL.
Why DEFI Is Closing and How the Liquidation Process Works
With trading halted, the fund proceeds toward liquidation, the stage at which its holdings are sold and the resulting cash is distributed to remaining shareholders. The pairing of the trading halt with a scheduled liquidation is set out in the fund’s prospectus documentation. For related coverage, see Top Bitcoin Companies Hold 771,551 BTC in 2025.
In plain terms, liquidation means the fund converts its assets to cash and returns proceeds to investors, rather than continuing to operate. Once the process is complete, the product ceases to exist as a tradable security. For related coverage, see Itaú Unibanco's Bitcoin Market Strategy Under Scrutiny.
The research available for this event confirms the closure and liquidation path but does not detail a precise distribution timeline or per-share payout. Those operational specifics are not established in the filings reviewed here and should be treated as unconfirmed until Hashdex provides them.
What the Closure Means for Investors and Bitcoin ETF Watchers
For existing holders, the immediate consequence is that DEFI shares can no longer be bought or sold on the exchange, and their position will be resolved through the liquidation rather than an open-market exit. Investors tracking the fund should watch for Hashdex’s distribution instructions tied to the closure.
The event is relevant to the wider Bitcoin ETF audience because it involves the retirement of a single listed product rather than a change across the sector. Hashdex remains active in the space, having previously secured approval to include XRP and SOL in one of its ETFs and moving to amend an SEC filing to add Litecoin.
The DEFI wind-down is specific to this fund, and the filings do not indicate a broader retreat from Hashdex’s crypto ETF lineup. Readers should refer to the SEC documents and Hashdex’s official communications for the confirmed steps that follow the end of trading.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.
