First U.S. spot bitcoin ETF to close as inflows dwindle, investors chase AI returns

CoinDesk·

First U.S. spot bitcoin ETF to close as inflows dwindle, investors chase AI returns

60-second summary

Hashdex's DEFI, the smallest U.S. spot bitcoin ETF, is closing due to dwindling inflows, with $14.7 million under management, a stark contrast to BlackRock's IBIT, which holds $47.08 billion. This move reflects shifting investor sentiment, as they increasingly seek alternative returns, such as those from AI-focused investments, amidst a volatile cryptocurrency market.

Hashdex's DEFI, the smallest of the funds, held $14.7 million under management, compared with $47.08 billion for BlackRock’s IBIT.