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Hashdex Bitcoin Futures ETF

DEFI
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 15 2022
Expense Ratio
0.92%
Type
Global Cryptocurrency
Fund Owner
Hashdex
Volume (1m avg. daily)
$2,276
AUM
$1,497,614
Associated Index
Hashdex U.S. Bitcoin Futures Fund Benchmark Index
Inverse/Leveraged
No
Passive/Active
Passive
Dividend
No
Prospectus

Top 10 Holdings

n/a
Cash & Other
100.00%
n/a
Derivatives offset
-99.94%
Invest with DEFI

What is DEFI?

The Hashdex Bitcoin Futures ETF provides access to bitcoin through a cost effective and regulated exchange traded fund. Bitcoin allows users to send and receive payments across the world, without needing a centralized authority to guarantee the transactions. Its unique combination of immutability, security, and scarcity is revolutionizing modern day finance and access to financial services. The Fund does not invest directly in bitcoin, but provides price exposure to the crypto asset through bitcoin futures contracts. This gives investors the opportunity to capitalize on the cryptocurrency growth potential, its store of value characteristics, and the prospect of a decentralized future, without the complexities of self custody.

ETFs related toDEFI

ETFs correlated to DEFI include GDEF, GJAN, BITO

DEFITeucrium Trading, LLC - Hashdex Bitcoin Futures ETF
GDEFGoldman Sachs ETF Trust - Goldman Sachs Defensive Equity ETF
Expense Ratio0.55%
Correlation (1yr)1.00
Return (3mo)0.00%
Volume (avg daily 1m)NaN
GJANFirst Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - January
BITOProShares Trust - ProShares Bitcoin Strategy ETF
BTFValkyrie ETF Trust II - Valkyrie Bitcoin Strategy ETF
XBTFVanEck ETF Trust - VanEck Bitcoin Strategy ETF
MAXISimplify Exchange Traded Funds - Simplify Bitcoin Strategy PLUS Income ETF
BITSGlobal X Funds - Global X Blockchain & Bitcoin Strategy ETF
SATOInvesco Exchange-Traded Fund Trust II - Invesco Alerian Galaxy Crypto Economy ETF
BLKCInvesco Exchange-Traded Fund Trust II - Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF
DAPPVanEck ETF Trust - VanEck Digital Transformation ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Disclaimers

*

We show information directly obtained from our data provider, XigniteData shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our providerInformation provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.