Hashdex Bitcoin ETFDEFI

The Hashdex Bitcoin ETF (DEFI) continues to attract attention as a spot bitcoin ETF, with the latest 10-Q filing revealing that as of May 12, 2026, the fund held 95% of its assets in physical bitcoin. This high concentration is a testament to the fund’s commitment to its stated mandate of providing exposure to bitcoin while minimizing the complexities of direct ownership. The fund’s transition of its bitcoin holdings from Level 2 to Level 1 within the fair value hierarchy, as noted in the filing, is a significant accounting milestone that reflects improved transparency and valuation accuracy.

At its core, the Hashdex Bitcoin ETF is designed to offer investors a straightforward way to gain exposure to bitcoin without the operational complexities of holding the digital asset directly. The fund achieves this by holding physical bitcoin and tracking a benchmark index, which was adopted effective March 27, 2024. This approach allows investors to benefit from bitcoin’s price movements while avoiding the risks associated with managing private keys and wallets. The fund’s compliance services agreement, effective January 15, 2026, outlines the custodial and wallet services provided to ensure the safekeeping of the bitcoin holdings.

The fund’s fee structure is a critical aspect of its offering, with the Hashdex Commodities Trust Prospectus Amendment highlighting the various fees and expenses associated with the fund. These include fees for the administrator, sub-administrator, custodian, and other service providers. The prospectus also notes that the fund’s fee structure may influence investor decisions, as the availability of other bitcoin exchange-traded products or private investment vehicles could impact the fund’s attractiveness. The fund’s 10-K filing from March 25, 2025, further elaborates on the fees and expenses, providing investors with a comprehensive view of the costs associated with investing in the fund.

For those interested in tracking the fund’s performance, the Nasdaq listing provides up-to-date market activity and pricing information, while the SEC EDGAR database offers access to the fund’s filings and disclosures. The FINRA Fund Analyzer is another valuable resource for investors seeking to compare the fund’s performance and fees with those of other ETFs. The fund’s custodial services agreement and bitcoin custody agreement provide additional details on the operational aspects of the fund, ensuring that investors have a clear understanding of how their assets are managed and protected.