Hashdex Launches Spot Bitcoin ETF 'DEFI' Holding Over 5,500 Bitcoins

• Hashdex converts bitcoin futures fund into spot bitcoin ETF called DEFI • DEFI holds 5,500 bitcoins and some futures for tracking and redemptions • DEFI has 0.90% expense ratio, less than GBTC but more than other spot ETFs
• Hashdex conversion comes over 2 months after first 10 spot bitcoin ETFs • BlackRock's IBIT and Fidelity's FBTC lead in assets with over $10B each