The first US spot bitcoin ETF is closing due to dwindling inflows, as reported by CoinDesk. This move comes as investors increasingly chase returns from artificial intelligence (AI) investments.
According to the report, Hashdex's DEFI, one of the funds, held $14.7 million under management. In comparison, BlackRock’s IBIT held a significantly larger $47.08 billion.
This is based on reporting from CoinDesk, highlighting the current trends in investor interest and the resulting impact on the bitcoin ETF market.