Every 424B that Hashdex Commodities Trust (DEFI) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, 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 Bitcoin ETF will be dissolved and liquidated, and because it is the sole series of its trust, the trust will also be dissolved. Shares will cease trading on NYSE Arca and be closed to new purchases as of the close of regular trading on August 17, 2026, which is the Closing Date.
The fund will stop accepting Creation Basket orders after August 17, 2026 and will file a post-effective amendment to terminate the offering of its registered and unsold shares, expected to be effective on that date. From August 17, 2026 through about August 24, 2026, the Liquidation Date, there may be no market for the shares.
Between the Closing Date and the Liquidation Date, the fund will liquidate its portfolio, increasing cash holdings and no longer tracking its benchmark. Asset sales will begin on August 18, 2026, with cash distributed pro rata on or about August 24, 2026 to remaining shareholders. These distributions are taxable and will reflect bitcoin sale costs, other transaction costs, and bitcoin price movements. The sponsor will bear remaining liquidation expenses, after which the fund will terminate.
Hashdex Bitcoin ETF files a prospectus supplement updating leadership disclosures for its sponsor, Hashdex Ltd. The supplement revises executive titles and biographies, identifying Marcelo Sampaio as Executive Chairman and reaffirming Bruno Caratori as Global CEO and COO. It states the Sponsor manages over 20 pooled vehicles and had approximately $870.5 million in assets under management as of October 31, 2025. The supplement clarifies responsibilities of the Sponsor’s executives and reiterates that the Trust has no directors, officers, or employees; other prospectus disclosures remain unchanged.
Hashdex Bitcoin ETF offers exchange-traded exposure to the bitcoin market by holding bitcoin and limited cash and seeking for its NAV to reflect daily changes in the Nasdaq Bitcoin Reference Price – Settlement, minus expenses. Shares trade on NYSE Arca under the symbol DEFI and can be bought and sold through broker-dealers, while only large Creation Baskets of 10,000 Shares are created and redeemed with Authorized Purchasers.
As of October 31, 2025, the Fund had total net assets of $14,892,750 and 120,000 Shares outstanding, with NAV performance of 17.09% from January 1, 2025 through October 31, 2025. The Fund charges a unitary Management Fee of 0.25% of average daily net assets, with the Sponsor covering most routine operating expenses. It is not registered as an investment company under the 1940 Act, so holders do not receive typical mutual fund protections and have limited voting rights.
The Fund invests directly in spot bitcoin, using a passive strategy, and will not lend or pledge its assets. It relies on BitGo Trust Company, Inc. as bitcoin custodian and U.S. Bank for cash custody, with bitcoin held in segregated cold storage. The prospectus highlights extensive risks tied to bitcoin’s extreme volatility, regulatory uncertainty, exchange failures, forks and airdrops (which the Fund will abandon), cybersecurity threats, and potential termination if the Fund remains too small relative to its expenses.
Tidal Commodities Trust I, which issues shares of the Hashdex Bitcoin ETF, is updating its prospectus to reflect leadership changes at its sponsor, Tidal Investments LLC. Effective January 1, 2026, Guillermo Trias moved from Chief Executive Officer to Executive Chairman, focusing on strategic oversight, long-term planning, capital allocation, and major corporate initiatives. On the same date, Gavin Filmore became Chief Executive Officer, having previously served as Head of Product Development and then Chief Operating Officer.
The document also reiterates that, after the close of trading on January 15, 2026, Tidal Investments LLC will voluntarily withdraw as sponsor and transfer its sponsor role to Hashdex Asset Management Ltd.. Hashdex will then serve as the sole sponsor of the Trust and intends to continue the existing business of the Trust and the Fund.
Hashdex Bitcoin ETF updated its governance terms. Effective October 21, 2025, Tidal Investments LLC amended the Trust’s Declaration of Trust, and the prospectus now reflects revised termination events and sponsor withdrawal provisions.
The Trust and Fund continue perpetually unless specific events occur, including illegality, insolvency, the Trust being required to register under the Investment Company Act of 1940, DTC unavailability without a replacement, or a shareholder vote to dissolve requiring at least 75% of outstanding Shares, voting together as a single class. If the Sponsor withdraws, it must give 30 days’ written notice and may appoint a successor; alternatively, holders of a majority of outstanding Shares may elect a successor within 90 days. Shareholders do not have the right to remove the Sponsor.