Hashdex Fund Converts to Spot Bitcoin ETF Amid Growing Market Demand
Wednesday, 27 March 2024, 16:14
Hashdex Fund Conversion to Spot Bitcoin ETF
Asset manager Hashdex successfully converted its Bitcoin Futures ETF to the Hashdex Bitcoin ETF, now trading under the ticker DEFI. The fund, previously a futures-based offering on the New York Stock Exchange, has transitioned into a spot bitcoin fund to meet market demands.
Key Details:
- Increased Demand: The conversion reflects the rising interest in spot bitcoin products among investors.
- Enhanced Opportunities: The Hashdex Bitcoin ETF provides investors with direct exposure to the price movements of bitcoin.
- Market Significance: This move signals the progression in the cryptocurrency investment space towards spot bitcoin offerings.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.