The HYPE token from Hyperliquid has been included in Hashdex's NCIQ crypto index ETF for the first time, with a 3.4% weight, becoming the fifth largest holding, trailing only SOL. The ETF offers investors a tool to track a basket of crypto assets.
U.S. spot Bitcoin ETFs drew $606.29 million on Thursday, their largest single-day inflow since May 1, according to SoSoValue. The category has now posted four straight days of net inflows, totaling about $1.61 billion, with August reaching $2.07 billion so far. BlackRock’s IBIT took in $502.99 million on the day, or about 83% of the category’s inflows, while Ethereum, XRP and Solana funds also saw money come in. Hashdex closed its DEFI Bitcoin ETF, the first U.S. spot Bitcoin fund to be liquidated.
U.S. spot Bitcoin exchange-traded funds recorded $189 million in total net inflows on Aug. 18 Eastern Time, according to SoSoValue. BlackRock’s IBIT led the group with $144 million in daily net inflows, bringing its cumulative historical net inflows to $61.4 billion. Fidelity’s FBTC followed with $23.92 million in daily net inflows and $10.02 billion in cumulative inflows. On the outflow side, VanEck’s HODL posted the largest daily net outflow at $16.92 million, while its historical cumulative net inflows stood at $1.07 billion. Separately, Hashdex said its spot Bitcoin ETF DEFI has begun a closure and liquidation process due to factors including asset size, trading liquidity, and operating costs. The fund ended trading on NYSE Arca on Aug. 17 and is set to be delisted afterward. Starting Aug. 18, the fund began liquidating its remaining Bitcoin holdings and expects to distribute cash liquidation proceeds to shareholders around Aug. 24. Bloomberg data showed DEFI had about $7.28 million in assets under management as of July 30. As of publication, total net assets across spot Bitcoin ETFs stood at $79.3 billion, with an ETF net asset ratio of 6.12% and cumulative historical net inflows of $52.28 billion.
Hashdex has announced the closure and liquidation of its Hashdex Bitcoin ETF, ticker DEFI, making it the first U.S. spot Bitcoin ETF to formally wind down. As of July 30, the fund had about $14.7 million in assets under management and held roughly 225.58 BTC. The final trading day is set for Aug. 17, after which the product will be delisted from NYSE Arca, and cash liquidation distributions to remaining shareholders are expected around Aug. 28. The fund began trading in September 2022 as a Bitcoin futures ETF before converting to a spot strategy in March 2024 after the U.S. Securities and Exchange Commission approved 11 spot Bitcoin ETF applications in January that year. Despite posting cumulative performance of about 166% since inception, DEFI never scaled meaningfully, with assets peaking at roughly $17.54 million. The article also examines the sharply concentrated structure of the U.S. spot Bitcoin ETF market, where the five largest funds account for almost all assets, and explains why management fee income at DEFI’s size was far below the level needed to cover custody, compliance, audit, market-making, listing and administrative costs.
WuBlockchain’s latest daily crypto roundup covered seven separate developments across macro data, litigation, stablecoins, market commentary, AI-related crypto projects, corporate earnings and exchange-traded funds. In the U.S., July ADP employment rose by 44,000, below the 70,000 consensus and the prior reading of 98,000. In legal news, Binance-linked entities Nest Trading, DistributedTechnologies and Chaintecs Consulting Singapore filed suit in Hong Kong against RedotPay co-founders Gao Zhangpeng, Chan Wa Choi and Yao Chao, alleging they diverted more than 470,000 Binance users to RedotPay and caused $472.8 million in losses; RedotPay denied the claims and said operations would continue as usual. Circle reported second-quarter 2026 revenue and reserve income of $701 million, with USDC circulation at $73.3 billion and on-chain transaction volume at $14.8 trillion. BitMEX founder Arthur Hayes argued in a new essay that an AI bubble collapse could trigger renewed money printing and a return to a Bitcoin bull market. Shaw, founder of ai16z, said the token would go to zero and the foundation would shut down while the team keeps building Eliza and open-source AI agents. SpaceX posted sharply higher quarterly revenue while its Bitcoin carrying value fell to $1.098 billion, and Hashdex said it would shut down and liquidate its Bitcoin ETF, DEFI.
Hashdex said it will close and liquidate the Hashdex Bitcoin ETF, its U.S. spot Bitcoin exchange-traded fund, which has about $14.7 million in assets under management. The fund is set to stop trading and be delisted after the market closes on Aug. 17. Shareholders who still hold the ETF are expected to receive a cash distribution around Aug. 28, after the fund sells its remaining Bitcoin holdings. The firm said that once the final trading day passes, the ETF will liquidate the rest of its Bitcoin position and then limit its activities to winding up the fund, preserving asset value, paying liabilities and distributing remaining assets to shareholders. Hashdex said it reviewed several factors before deciding on the liquidation, including the fund’s asset size, trading liquidity, operating costs, investor interest and where it fits within the company’s broader product lineup. The company added that it still manages more than $200 million in investment products for U.S. investors.
Asset manager Hashdex will shut down and liquidate its Hashdex Bitcoin ETF, which trades on NYSE Arca under the ticker DEFI, according to a Wall Street Journal report cited by ChainCatcher. As of July 30, the fund had about $14.7 million in assets under management. Hashdex said its products aimed at U.S. investors still oversee more than $200 million in assets overall, but the firm decided to close this particular fund after weighing factors including assets under management, trading liquidity, operating costs, and investor interest. The final trading day for the ETF’s shares is set for Aug. 17. After that date, the fund will stop accepting creation orders from authorized participants and will be delisted from NYSE Arca. Shareholders who continue to hold shares through the final trading day are expected to receive a cash liquidation distribution around Aug. 28. Hashdex said the final payment amount will reflect factors including Bitcoin price moves during the liquidation period.
Options on the Hashdex NCIQ ETF are now live on Nasdaq, giving institutions hedging and income tools tied to a diversified crypto fund that includes XRP, Bitcoin and Ethereum.
