In the ever-evolving world of crypto, the U.S. has added another player to the game with its 11th spot Bitcoin ETF courtesy of Hashdex. Hashdex, an asset manager known for its innovative approach, recently converted its Bitcoin Futures ETF into the Hashdex Bitcoin ETF. This ETF, now trading under the ticker DEFI, has made the transition from a futures-based fund on the New York Stock Exchange to a spot bitcoin fund.
This move by Hashdex marks an important milestone in the crypto space, as spot bitcoin funds are becoming increasingly popular among investors looking to directly invest in the digital asset. With the conversion of the Hashdex Bitcoin ETF, investors now have another option to gain exposure to the world of Bitcoin through a regulated and accessible vehicle.
The renaming and conversion of the Hashdex Bitcoin ETF demonstrate Hashdex’s commitment to staying ahead of the curve and providing investors with innovative and convenient ways to access the crypto market. As the crypto industry continues to grow and evolve, it’s exciting to see companies like Hashdex leading the way and offering new opportunities for investors to participate in this dynamic space.
