Hashdex Bitcoin ETF (DEFI) USD Price

The Hashdex Bitcoin ETF (DEFI), managed by Hashdex, is a spot Bitcoin ETF with an inception date of September 15, 2022. As a spot ETF, it directly holds the underlying asset (in this case, Bitcoin). The fund was converted from a futures-based one in January 2024. The ETF charges an annual management fee of 0.90%.

Hashdex is a global asset management company that specializes in creating investment products focused on blockchain technology and digital assets. Founded in 2018, the firm is headquartered in Rio de Janeiro, Brazil, and has quickly positioned itself as a significant player in the digital asset investment space.

The core business activities of Hashdex revolve around developing and managing a range of financial products that provide exposure to the digital asset market. This includes the creation of exchange-traded products (ETPs) that track diversified indices of cryptocurrencies and blockchain-based assets. One of its notable offerings is the Hashdex Nasdaq Crypto Index ETF, which was developed in collaboration with Nasdaq to provide investors with a transparent and regulated vehicle to invest in a basket of digital assets.

Hashdex serves as a bridge for traditional investors looking to gain exposure to the burgeoning world of cryptocurrencies through regulated, familiar investment vehicles. By offering these products, Hashdex helps to demystify the complexities inherent in direct cryptocurrency investments, such as security, custody, and volatility management.