Hashdex and Tidal Announce Approval for Listing U.S. Spot Bitcoin ETF
Following conversion of the Hashdex Bitcoin Futures ETF, newly named Hashdex Bitcoin ETF (DEFI) to offer U.S. investors exposure to spot Bitcoin prices
- Following conversion of the Hashdex Bitcoin Futures ETF, newly named Hashdex Bitcoin ETF (DEFI) to offer U.S. investors exposure to spot Bitcoin prices
New York / Rio de Janeiro / London, January 10, 2024 – Hashdex , a leading global crypto-focused asset manager, and Tidal Investments LLC (Tidal), a leading name in the ETF industry, today announced approval of its listing rule to convert the Hashdex Bitcoin Futures ETF, currently traded on the New York Stock Exchange (“NYSE”) under the ticker DEFI, to the Hashdex Bitcoin ETF, which will offer spot Bitcoin exposure to U.S. investors. - “Today’s announcement marks the next phase for the industry by allowing U.S. investors to fully participate in the promise of Bitcoin,” said Marcelo Sampaio, Co-Founder and CEO of Hashdex.
- Unlike other spot price ETFs that are newly formed, upon completion, the conversion of DEFI will provide investors with immediate exposure to spot bitcoin prices through a trusted and proven product already being traded in the U.S.
“Bitcoin’s time has arrived, and Hashdex and Tidal are proud to offer the Hashdex Bitcoin ETF at this pivotal moment in history,” said Samir Kerbage, CIO at Hashdex. - “The Hashdex Bitcoin ETF has been custom-built to offer investor protections that are unavailable when trading Bitcoin directly in unregulated markets,” said Mike Venuto, CIO and Co-Founder of Tidal.