DEFI: 15-12G · delisting
Hashdex Commodities Trust filed a Form 15 with the SEC on September 3, 2026, certifying the termination of registration of its shares of Hashdex Bitcoin ETF under Section 12(g) of the Securities Exchange Act of 1934. The trust relied on Rule 12g-4(a)(1), the provision available when a security is held of record by fewer than 300 persons, and certified that it had less than 300 holders of record as of the notice date. No other classes of securities remain subject to Section 13(a) or 15(d) reporting. As a result, the trust's duty to file periodic reports under Sections 13 and 15(d) of the Exchange Act terminates, ending public SEC reporting for the fund. The filing was executed by Bruno Sousa, Director of sponsor Hashdex Asset Management Ltd.
DEFI: 8-K · asset sale
Hashdex Commodities Trust disclosed that on August 24, 2026, its sponsor Hashdex Asset Management Ltd. completed the disposition of all assets of the Hashdex Bitcoin ETF, a NYSE Arca-listed fund that traded as DEFI. After trading in the fund's shares was suspended at the close on August 17, 2026, all remaining positions — which, other than cash, consisted entirely of bitcoin — were sold in a single over-the-counter transaction to an unaffiliated third party. Shareholders received cash equal to their pro rata interest in the Fund, effectively terminating the product. The filing disclosed no financial terms, per-share distribution amounts, or reasons for the wind-down, and was signed by Samir Kerbage, Director of the Sponsor.
DEFI: 25-NSE · delisting
NYSE Arca has filed Form 25 to remove the entire class of Hashdex Commodities Trust shares from listing and registration, effective at the opening of business on September 4, 2026, pursuant to Rule 12d2-2(a). The notice invokes 17 CFR 240.12d2-2(a)(3), stating that on August 24, 2026 the instruments representing the securities came to evidence other securities in substitution, or represent only the right to receive an immediate cash payment — a pattern consistent with a fund merger or liquidation. The shares were suspended from trading on August 18, 2026. No dollar amounts, per-share consideration, or successor fund details were disclosed in the notice.
DEFI: 10-Q · periodic report
Hashdex Commodities Trust (f/k/a Tidal Commodities Trust I) filed its Form 10-Q for the quarter ended June 30, 2026, reporting net assets of $13.3 million across 200,000 shares of its sole series, the Hashdex Bitcoin ETF (NYSE Arca: DEFI). The fund held 225.58 bitcoin with a fair value of $13,234,771, plus $42,043 in cash. Performance was sharply negative: the fund posted a net loss of $4.15 million for the six months ended June 30, 2026 (including a $1.48 million loss in Q2), with a -32.91% six-month total return as NAV per share fell from $99.15 to $66.52 on bitcoin price depreciation. Despite the losses, investors created 80,000 shares in the first half — growing shares outstanding from 120,000 to 200,000 — and the fund's gross expense ratio improved to 0.25% from 0.41% a year earlier. The filing also recaps the January 2026 sponsor transition: Tidal Investments LLC withdrew and Hashdex Asset Management Ltd. took over, renaming the trust and moving the fund to a spot-only strategy holding just bitcoin and cash with no futures or EFP transactions. Disclosure controls were deemed effective, and there are no material legal proceedings or defaults.
DEFI: 8-K/A · delisting
Hashdex Commodities Trust filed an amended 8-K confirming that its sole fund, the Hashdex Bitcoin ETF (NYSE Arca: DEFI), will be closed, liquidated, and deregistered. The amendment corrects terminology and the distribution date in the original August 3, 2026 filing. The last day to trade DEFI on NYSE Arca is August 17, 2026, after which trading is suspended and Arca files a Form 25 to delist the shares. Shareholders of record on August 19, 2026 will receive a cash liquidating distribution equal to net asset value, expected on or about August 24, 2026. Hashdex cited the fund's net assets relative to its operating expenses as making it unreasonable or imprudent to continue, with the fund holding approximately $14.7 million in assets as of July 30, 2026. The sponsor continues to manage over $200 million in products available to U.S. investors. The final distribution may reflect fund closing costs, transaction costs, and bitcoin price movements during the liquidation period, which the filing warns may be substantial.
Hashdex Announces Closure of Hashdex Bitcoin ETF
Hashdex Asset Management announced the liquidation of the Hashdex Bitcoin ETF (DEFI), which held approximately $14.7 million in assets as of July 30, 2026. The fund will cease trading on NYSE Arca on August 17, 2026, with a final cash liquidating distribution expected to be paid on or about August 28. The decision to close the fund was based on factors including assets under management, liquidity, and operating costs, though Hashdex continues to manage over $200 million in other U.S. products.
Hashdex Bitcoin ETF reported net assets of $9.2 million for the quarter ended March 31, 2026, a decrease from $11.9 million at year-end 2025. The fund recorded a total return of negative 22.50%, driven primarily by a net unrealized loss of $2.67 million on its bitcoin holdings as the cryptocurrency's price declined during the period. Effective January 16, 2026, the Trust completed a sponsor replacement, appointing Hashdex Asset Management Ltd. as the new sponsor and removing Tidal Investments LLC. Concurrently, the fund shifted its investment strategy to hold only spot bitcoin and cash, ceasing the use of bitcoin futures contracts which were previously utilized. The Trust noted it has discontinued the presentation of the Statement of Cash Flows following FASB guidance that exempts certain investment companies with highly liquid assets. The fund holds 134.87 bitcoins valued at approximately $9.1 million, comprising 99.14% of its net assets, with the remainder held in cash equivalents.
