Hashdex has announced that it will be shutting down its spot price Bitcoin exchange-traded fund, according to reporting from CoinTelegraph. The fund, which was launched over two years ago, was never able to attract significant investment, with net assets never exceeding $18 million.
The fund currently holds 225 BTC, which will be sold in the coming weeks, with the proceeds paid out to investors. This move marks the end of Hashdex's efforts to establish a successful Bitcoin ETF with this particular fund.