Hashdex to Close US Spot Bitcoin ETF Amid Weak Inflows and AI Investment Shift

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Hashdex is shutting down DEFI, its US spot bitcoin ETF, marking the first closure among funds in this category. The fund managed only $14.7 million in assets, a stark contrast to BlackRock's IBIT, which holds $47.08 billion under management. Dwindling inflows have been cited as a key factor behind the decision to wind down the product. Investors appear to be redirecting capital toward artificial intelligence-related opportunities rather than crypto funds. The closure highlights the growing competitive gap between smaller and larger players in the spot bitcoin ETF market.

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