Hashdex Liquidates DEFI As First US Spot Bitcoin ETF Closure Arrives
etf
Hashdex announced the liquidation of its DEFI product concurrent with the first reported closure of a US spot Bitcoin ETF. The action reflects that smaller, niche crypto ETFs are struggling to compete for inflows against larger, lower-cost US spot Bitcoin products. Implication for Bitcoin: asset flows and custody are likely to concentrate in a few dominant spot ETFs, increasing the market’s sensitivity to ETF flows and reducing diversification options for investors.
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