DEFI

Hashdex Bitcoin Futures ETF

Simple access to the world's first decentralized digital currency.

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NAV Pricing

USD 24.61

As of September 30, 2022

Closing Price

USD 24.68

As of September 30, 2022

Shares Outstanding

50,004

As of October 3, 2022

Total Net Assets

USD 1,230,418.43

As of October 3, 2022

Fund terms and key facts

Ticker

DEFI

CUSIP

88166A805

Inception Date

9/15/2022

Exchange availability

NYSE

IIV

DEFI.IV

Benchmark Index

HDEFI – Hashdex U.S. Bitcoin Futures Fund Benchmark Index

Expense Ratio

0.92%**

ISIN

US88166A8053

Options

Not currently available

* The Benchmark is HDEFI – Hashdex U.S. Bitcoin Futures Fund Benchmark Index, the average of the closing settlement prices for the first to expire and second to expire Bitcoin Futures Contracts listed on the CME. The index is calculated and disseminated by HDEFI – Hashdex U.S. Bitcoin Futures Fund Benchmark Index.
** Defined as the amount of income (loss) required for the redemption value at the end of one year to equal the selling price of the Share, as presented in the Form S-1.
Service Providers

Administrator

U.S. Bank Global Fund Services

Distributor

Foreside Fund Services, LLC

Holdings
Month end As of October 3, 2022 | Quarter end As of October 3, 2022
Name Shares Price Weight
CME Bitcoin Fut Nov22
6 19,435 47.39%
CME Bitcoin Fut Oct22
6 19,425 47.36%
Cash & Other
1,230,527.83 1 -
Performance
Month-end as of October 1, 2022 | Quarter-end as of October 1, 2022
1M 3M YTD 1Y Since inception
DEFI (Market Price) 0 0 0 0 0
DEFI (NAV) 0 0 0 0 0
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. For the most recent month-end and/or quarter-end performance, please refer to the charts above. The market price is the final price at which a security is traded on a given trading day. Net Asset Value (NAV) is value per share on a specific date or time. Returns less than one year are cumulative. Because the Fund will invest primarily in BITCOIN futures contracts and other derivative instruments based on the price of BITCOIN, an investment in the Fund will subject the investor to the risks of the BITCOIN market, and this could result in substantial fluctuations in the price of the Fund's shares.
Premium / Discount
As of September 30, 2022
NAV Market Price Difference Premium / Discount
24.61 24.68 0.07 0.29%
Q3 20222022
Days Traded at NAV 44
Days Traded at Premium 33
Days Traded at Discount 55

FAQs

Glossary

How is this product different from other ETFs that invest in bitcoin futures contracts?
The Hashdex Bitcoin Futures ETF is the first bitcoin futures ETF regulated under the 1933 Securities Act (‘33 Act). Exchange-traded products regulated under the ‘33 Act provide a level of operational diligence, disclosure, and investor protection consistent with ETFs regulated under the Investment Company Act of 1940, while also having some key differences that make ‘33 Act funds more appropriate for many investors, including tax efficiency and 100% exposure to the underlying crypto assets.
How does Bitcoin work?
Attempts to create an internet-based “digital cash” began in the 1990s, but each had shortcomings that prevented them from becoming mainstream. This changed after the pseudonymous Satoshi Nakamoto released “Bitcoin: A Peer-to-Peer Electronic Cash System” in 2008, describing a new protocol for exchanging value without a bank, government, or other third party. The network launched a few months after the paper’s release and the first bitcoin transaction took place on January 12, 2009. Bitcoin, with its combination of technological tools and economic incentives, promised a new, more equitable financial system.
What is a blockchain?
The simplest definition of a blockchain is a decentralized public ledger where transactions are confirmed by a network of compensated participants. Bitcoin’s blockchain was a novel idea due to the combination of technologies used to create a truly decentralized and immutable public ledger. Previously, financial transactions were dependent on banks and other entities managing both sides of the transaction, including maintaining personal information about the parties and placing restrictions on certain transactions.
Why bitcoin futures?
Investor demand for bitcoin products has accelerated in recent years, but there has not been regulatory approval for a spot bitcoin ETF in the U.S. We believe the Hashdex Bitcoin Futures ETF will help many investors gain access to bitcoin in a simple and regulated way.
© 2022 Hashdex Asset
Management Ltd.
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