Hashdex Bitcoin ETF (DEFI) - Futures-Based Bitcoin ETF

A Bitcoin futures-based ETF from Hashdex, offering indirect exposure. Smaller fund as of December 18, 2025.

Key Facts (December 2025)

Issuer	Hashdex
Ticker	DEFI (NYSE Arca)
Expense Ratio	Varies (~0.90%)
Approx. AUM	$12M+
Holdings	Bitcoin Futures Contracts
Inception Date	2024
Official Site	Hashdex DEFI Page

Recent Performance & Flows

• DEFI holds approximately $12 million in AUM, remaining a smaller futures-based option.
• December 2025 flows: Limited, as most capital has shifted to spot products.
• Year-to-date: Performance impacted by futures roll costs in contango markets.
• Tracks Bitcoin price via futures with typical tracking drift.

Data approximate; sources include issuer reports, ETF.com, SoSoValue (as of mid-December 2025).

Pros

• From Hashdex, a respected crypto-focused issuer.
• Futures-based structure – no direct holding complexities.
• Available for investors restricted from spot products.
• Reasonable expense ratio for futures category.

Cons

• Futures roll costs cause underperformance vs spot ETFs over time.
• Small AUM – lower liquidity and wider spreads possible.
• Ongoing outflows as spot products dominate.
• Higher expense ratio than leading spot funds.

How to Buy DEFI

Available on major brokers including Fidelity, Vanguard, Charles Schwab, Robinhood, and interactive brokers. Search ticker "DEFI". Legacy futures option – generally outperformed by spot ETFs.

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Not financial advice. Investments in crypto ETFs involve high risk, including potential loss of principal. Futures-based products may underperform spot in contango markets. Data approximate as of December 18, 2025; always verify with official sources.