Key stats
About Tidal Commodities Trust I Hashdex Bitcoin ETF
Home page
Inception date
Sep 15, 2022
Structure
Grantor Trust
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Ordinary Income
Max ST capital gains rate
39.60%
Max LT capital gains rate
39.60%
Primary advisor
Tidal Investments LLC
Distributor
Foreside Fund Services LLC
DEFI aims to reflect the spot price of Bitcoin, as measured using a price benchmark governed by the Nasdaq Crypto Index Oversight Committee. The benchmark attempts to track the average Bitcoin spot price by capturing the notional value of Bitcoin USD transactions reported by selected public data sources. The benchmark is calculated and published daily at 3 PM EST. The fund expects to invest at least 95% in spot Bitcoin and will invest the remaining assets in CME-traded Bitcoin futures contracts and cash. The fund, unlike other spot Bitcoin ETFs, acquires, disposes and values its bitcoin in a transparent manner using CME futures exchange for physical transactions and CME-monitored pricing. Before March 27, 2024, the fund traded under the name Hashdex Bitcoin Futures ETF and tracked the Hashdex U.S. Bitcoin Futures Fund Benchmark Index. When the fund launched, it was the first US-listed bitcoin futures ETF registered solely under the Securities Act of 1933.
Classification
Symbol
Geography
Global
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
DEFI assets under management is 13.29 M USD. It's risen 3.29% over the last month.
DEFI fund flows account for −4.43 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, DEFI doesn't pay dividends to its holders.
DEFI shares are issued by Toroso Investments Topco LLC under the brand Hashdex. The ETF was launched on Sep 15, 2022, and its management style is Passive.
DEFI expense ratio is 0.94% meaning you'd have to pay 0.94% of your investment to help manage the fund.
DEFI follows the Nasdaq Bitcoin Settlement Price. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
DEFI price has risen by 1.75% over the last month, and its yearly performance shows a 55.18% increase. See more dynamics on DEFI price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 3.18% over the last month, showed a 23.73% increase in three-month performance and has increased by 53.90% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 3.18% over the last month, showed a 23.73% increase in three-month performance and has increased by 53.90% in a year.
DEFI trades at a premium (0.46%) meaning the ETF is trading at a higher price than the calculated NAV.