Tidal, Hashdex Announce Trading of Spot Bitcoin ETF

Skip to content
AZC.News
en EN
BTC Coin BTC

-1.81%

ETH Coin ETH

-2.26%

USDT Coin USDT

-0.10%

BNB Coin BNB

-1.45%

SOL Coin SOL

-3.40%

XRP Coin XRP

-2.91%

USDC Coin USDC

-0.01%

DOGE Coin DOGE

3.02%
ADA Coin ADA

-2.70%

AVAX Coin AVAX

-3.88%

BTC Coin BTC

-1.81%

ETH Coin ETH

-2.26%

USDT Coin USDT

-0.10%

BNB Coin BNB

-1.45%

SOL Coin SOL

-3.40%

XRP Coin XRP

-2.91%

USDC Coin USDC

-0.01%

DOGE Coin DOGE

3.02%

ADA Coin ADA

-2.70%

AVAX Coin AVAX

-3.88%

Search...

Home > News

Published: 27/03/2024

-
Author: Leexim

Tidal, Hashdex Announce Trading of Spot Bitcoin ETF
Hashdex has become the 11th Spot Bitcoin ETF traded in the United States, alongside other major funds led by BlackRock and Fidelity.

Azcnews (2)
Tidal Investments and Hashdex Asset Management have announced the trading of their spot Bitcoin exchange-traded fund (ETF) in the U.S. following the renaming of the Hashdex Bitcoin Futures ETF to the Hashdex Bitcoin ETF (DEFI).

According to their joint statement, the renaming of the ETF, now identified by the ticker symbol “DEFI,” aligns with its strategic shift to focus on spot Bitcoin holdings and its tracking of a new benchmark index, effective from March 27, 2024.

The Hashdex Bitcoin ETF is designed to allocate at least 95% of its assets to spot Bitcoin, while the remaining 5% may be invested in CME-traded Bitcoin futures contracts and cash equivalents. As of March 27, the fund’s total net assets stood at $11.16 million, as reported on Hashdex’s website.


Marcelo Sampaio, Co-Founder and CEO of Hashdex, expressed enthusiasm about completing the conversion, emphasizing their mission to empower individuals and institutions globally to access this groundbreaking innovation. Bloomberg Senior ETF Analyst Eric Balchunas also weighed in, noting that DEFI’s entry into the market is significant despite its late arrival.

Related: Standard Chartered Forecasts Bitcoin to Rise to $250,000

In summary, the Hashdex Bitcoin ETF (DEFI) represents an exciting opportunity for investors seeking exposure to spot Bitcoin, and its launch has generated considerable interest in the financial community.


Read Less
5.0/5

(1 vote)
Avatar of Victor
Victor
27/03/2024 at 2:40 am
Well written an composed, good job 👍 nice 🙂

Like Reply Share
Leave a Reply
Your email address will not be published. Required fields are marked *

Comment *

Twitter

Telegram

Name

Save my name, email, and website in this browser for the next time I comment.

LATEST

Azcnews Breaking
Airdrops | Altcoin | Editor Choice | News 27/03/2024

Participate in the BingX Futures Spring Tournament

Cryptocurrency exchange BingX is hosting the "Join the Spring Futures Trading Tournament" event with prizes of up to $100,000. To participate and claim your rewards, read the details here!

Azcnews (1)
News | Blockchain | Defi | Editor Choice 27/03/2024

Ripple’s XRPL Blockchain Expands Cross-Chain DeFi Integration

Ripple collaborated closely with the XRP Ledger blockchain community to develop an ecosystem for an automated market maker protocol.

Azcnews Breaking
News | Altcoin | Editor Choice 27/03/2024

Web3 Game Munchables Loses $62.5 Million USD

Munchables, a game developed on layer-2 Blast, recently announced it was hacked by North Korean hackers, resulting in a loss of $62.5 million USD.

Azcnews Breaking
News | Bitcoin | Editor Choice 27/03/2024

Fifth Largest Bitcoin Whale Awakens After 5 Years

An address holding 94,500 BTC has suddenly become active again after being dormant for five years. With this amount of Bitcoin, the wallet ranks as the fifth-largest Bitcoin holder globally.

Azcnews Breaking0
News | Editor Choice | Policy & Regulations 27/03/2024

Kucoin Faces FUD, KCS Price Plummets Instantly

Recently, the Kucoin exchange has been indicted by the U.S. Department of Justice for involvement in illegal trading activities, totaling up to $9 billion. Immediately after, the KCS token plummeted by 25%.

Top views
1
Ether.fi (ETHFI) Announces Token Airdrop
2
Short-Term Bitcoin Investors Have Reaped Profits
3
Guide to Participating in Eclipse Testnet
4
Binance Announces Listing of Book of Meme (BOME)
5
Bitcoin ETF Registers Weekly Inflow of $2.5 Billion
6
Receive Airdrop on Binance Web3 Wallet
7
JMP Securities Forecasts Bitcoin Could Reach $280,000 USD
8
Ethereum Dips Below $4000 But Signals Remain Positive
9
NIM Network Announces Airdrop of 90 Million Tokens
10
Join the Ton Airdrop on OKX Exchange
About AZC.News

About Us
Contact Us
Privacy Policy
Terms of Services
Market

Analytics
Top Crypto Exchange
Top Cryptocurrency
Knowledge

Research
Glossary
Earn

Airdrop
Social Community

Copyright 2024 © AZ Coiner