The Hashdex Bitcoin Futures ETF (DEFI) is designed to provide exposure to bitcoin price movements through futures contracts. With an AUM of $0.01 billion and an expense ratio of 0.25%, DEFI offers a focused approach to tracking the Nasdaq Bitcoin Reference Price – Settlement. The fund's strategy involves using bitcoin futures, distinguishing it from ETFs holding physical bitcoin, and its portfolio is heavily allocated to cash and similar instruments to support its futures-based investment strategy. Past performance does not guarantee future results.
The Hashdex Bitcoin Futures ETF (DEFI) is designed to provide exposure to bitcoin price movements through futures contracts. With an AUM of $0.01 billion and an expense ratio of 0.25%, DEFI offers a focused approach to tracking the Nasdaq Bitcoin Reference Price – Settlement. The fund's strategy involves using bitcoin futures, distinguishing it from ETFs holding physical bitcoin, and its portfolio is heavily allocated to cash and similar instruments to support its futures-based investment strategy. Past performance does not guarantee future results.
ETF Overview
The Hashdex Bitcoin ETF is designed to track the price performance of bitcoin, aiming for changes in the Shares’ NAV to reflect the daily changes of the price of the Nasdaq Bitcoin Reference Price – Settlement, less expenses.
The Hashdex Bitcoin Futures ETF (DEFI) aims to mirror the daily price changes of bitcoin by investing in bitcoin futures contracts. The fund's net asset value (NAV) is intended to reflect the performance of the Nasdaq Bitcoin Reference Price – Settlement, less expenses. DEFI primarily invests in cash and similar instruments, with 100% of its holdings in 'Cash & Others,' to collateralize its futures positions. A small portion, 0.60%, is allocated to First American Government Obligs X (FGXXX). This ETF is designed for investors seeking exposure to bitcoin price movements without directly holding bitcoin, offering a regulated and potentially more accessible investment vehicle. However, it's crucial to understand that futures-based ETFs may not perfectly track the underlying asset's spot price due to factors like contango and backwardation. Past performance does not guarantee future results.
Risk Metrics
DEFI presents several risks inherent to its investment strategy. The fund's concentration in bitcoin futures exposes it to the volatility of the cryptocurrency market. The fund's beta is currently 0.00. The expense ratio of 0.25% will create a slight drag on performance relative to the underlying index. Additionally, the fund's reliance on futures contracts introduces risks associated with contango and backwardation, which can impact returns. The fund's allocation of 100% to 'Cash & Others' indicates a conservative approach to collateralizing its futures positions, but also means that the fund's returns will be primarily driven by the performance of its bitcoin futures contracts, rather than diversification across multiple asset classes. Past performance does not guarantee future results.
The Hashdex Bitcoin Futures ETF (DEFI) is an exchange-traded fund designed to track the price performance of bitcoin. It aims to reflect the daily changes in the price of the Nasdaq Bitcoin Reference Price – Settlement, less expenses. Instead of holding actual bitcoin, DEFI invests in bitcoin futures contracts, providing investors with exposure to bitcoin price movements through a regulated investment vehicle. The fund's strategy involves using futures contracts, which may introduce tracking differences compared to the spot price of bitcoin. Past performance does not guarantee future results.
What is the expense ratio for DEFI?
The expense ratio for the Hashdex Bitcoin Futures ETF (DEFI) is 0.25%. This means that for every $10,000 invested in the fund, $25 is deducted annually to cover operating expenses. While there isn't a specific 'category average' for Bitcoin futures ETFs, this expense ratio is generally competitive compared to other specialized cryptocurrency-related ETFs. the may be worth researching expense ratio as one factor when evaluating the overall cost and potential returns of the fund. Past performance does not guarantee future results.
What are the top holdings in DEFI?
As of 2026-03-15, the Hashdex Bitcoin Futures ETF (DEFI) has a concentrated portfolio. The top holding is First American Government Obligs X (FGXXX), comprising 0.60% of the fund's assets. The remaining assets are held in cash and other instruments. This allocation reflects the fund's strategy of using cash to collateralize its bitcoin futures positions, rather than investing in a diversified portfolio of securities. The fund's investment strategy focuses on bitcoin futures contracts to achieve its investment objective.
Is DEFI a good long-term investment?
Whether DEFI is a suitable long-term investment depends on an investor's risk tolerance and outlook on bitcoin. DEFI provides exposure to bitcoin price movements through futures contracts, which can be more volatile than traditional assets. The fund's performance is closely tied to the bitcoin market, and its futures-based strategy may introduce tracking differences compared to the spot price of bitcoin. Investors should carefully consider their investment objectives, risk capacity, and the potential for both gains and losses before investing in DEFI. Past performance does not guarantee future results.
How does DEFI compare to similar ETFs?
DEFI differentiates itself through its focus on bitcoin futures contracts, offering a regulated avenue for bitcoin exposure. Its expense ratio is 0.25%. DEFI has $0.01B in AUM. Other bitcoin ETFs may hold physical bitcoin or employ different futures strategies, potentially leading to varying tracking errors and risk profiles. Investors should compare expense ratios, tracking error, and investment strategies to determine which ETF best aligns with their objectives. Past performance does not guarantee future results.
Does DEFI pay dividends?
The Hashdex Bitcoin Futures ETF (DEFI) does not currently pay dividends. Its dividend yield is 0.00%. This is typical for ETFs that track commodities or currencies, as they generally do not generate income in the same way as stocks or bonds. The fund's returns are primarily driven by changes in the price of bitcoin futures contracts, rather than dividend payments. Investors seeking income should consider other investment options. Past performance does not guarantee future results.