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Today in crypto, Hashdex said it will liquidate its spot Bitcoin ETF after failing to attract enough investor assets, while Bernstein warned that delays to the CLARITY Act could pressure cryptocurrency valuations and Kraken said Coldcard’s five-year seed-generation flaw exposed broader weaknesses in hardware wallet testing.
Hashdex is shutting down its spot Bitcoin ETF after failing to attract enough investor assets, marking the first major closure among the wave of US spot BTC funds.
The asset manager said it will liquidate the fund this month after reviewing its trading activity, operating costs and investor demand. Remaining shareholders will receive cash distributions once the fund sells its approximately 225 Bitcoin holdings. The ETF, which trades under the DEFI ticker on NYSE Arca, currently manages about $14.3 million in assets.
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