Here are the 10-K annual reports from Hashdex Commodities Trust (DEFI) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow DEFI and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full DEFI filings page.
Hashdex Commodities Trust, a Delaware statutory trust, operates the Hashdex Bitcoin ETF (DEFI), which issues shares of beneficial interest listed on NYSE Arca. As of December 31, 2025, the Fund had 120,000 Shares outstanding and non‑affiliate market value of $14,516,847 as of June 30, 2025.
The Fund’s goal is for daily NAV changes to mirror the Nasdaq Bitcoin Reference Price – Settlement (NQBTCS), minus expenses. It holds bitcoin and limited cash, does not employ leverage, and uses a passive strategy that tracks the Benchmark whether prices rise or fall. ICE Data Indices publishes an indicative NAV every 15 seconds during trading.
The Fund is the successor to the Hashdex Bitcoin Futures ETF via a one‑for‑one merger completed January 3, 2024, and converted from a futures strategy to a spot bitcoin strategy effective March 27, 2024. Baskets of 10,000 Shares are created and redeemed by Authorized Purchasers in cash or in‑kind bitcoin, with a minimum of 50,000 Shares required to remain outstanding.
Hashdex Asset Management Ltd. became Sponsor after January 15, 2026, replacing Tidal Investments. The Sponsor manages operations, appoints key service providers, and earns a 0.25% annual Management Fee on daily NAV, while also covering most routine expenses. Bitcoin is custodied in segregated, insured cold‑storage wallets by BitGo Trust Company, Inc., and cash is held by U.S. Bank, N.A.