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ETFs

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)
$9,881
AUM
$1,650,842
Associated Index
Hashdex U.S. Bitcoin Futures Fund Benchmark Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
Cash & Other
100.00%
n/a
Derivatives offset
-96.74%
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 BITX, BITO, BTF

DEFI
Teucrium Trading, LLC - Hashdex Bitcoin Futures ETF
BITX
Volatility Shares Trust - 2x Bitcoin Strategy ETF
BITO
ProShares Trust - ProShares Bitcoin Strategy ETF
BTF
Valkyrie ETF Trust II - Valkyrie Bitcoin Strategy ETF
WGMI
Valkyrie ETF Trust II - Valkyrie Bitcoin Miners ETF
BKCH
Global X Funds - Global X Blockchain ETF
BLOK
Amplify ETF Trust - Amplify Transformational Data Sharing ETF
CONY
Tidal Trust II - YieldMax COIN Option Income Strategy ETF
FDIG
Fidelity Covington Trust - Fidelity Crypto Industry and Digital Payments ETF
CONL
GraniteShares ETF Trust - GraniteShares 1.5x Long Coinbase Daily ETF
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August

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.

FAQ

DEFI is a Global Cryptocurrency ETF. 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.

DEFI tracks the Hashdex U.S. Bitcoin Futures Fund Benchmark Index.

No, DEFI is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, DEFI is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on DEFI is 0.0102%. This is the percent change in the value of DEFI over the most recent 1-month period. The 3-month return on DEFI is -0.1562%. This is the percent change in the value of DEFI over the most recent 3-month period.

The standard deviation of DEFI for the past year is 0.5296%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to DEFI include PFF, PGF, and PGX.

ETFs correlated to DEFI include BITX, BITO, and BTF.

ETFs that are inversely correlated to DEFI include BITI, SARK, and FNGD.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data 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 provider. Information 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.