Welcome to our dedicated page for Hashdex Bitcoin ETF SEC filings (Ticker: DEFI), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Hashdex Commodities Trust filings document the regulatory record for the Hashdex Bitcoin ETF shares listed under DEFI on NYSE Arca. The trust's Form 8-K disclosures cover sponsor arrangements involving Hashdex Asset Management Ltd., amendments to trust governing documents, modifications to security-holder rights, and sponsor-level governance changes.
The filing record also includes auditor changes, letters from the prior accounting firm, emerging growth company status, security-structure disclosures, and material-event reporting associated with the trust and the ETF share class.
Tidal Commodities Trust I, sponsor of the Hashdex Bitcoin ETF, reported leadership changes at its sponsoring firm, Tidal Investments LLC. Effective January 1, 2026, Guillermo Trias resigned as Chief Executive Officer of the Sponsor and became its Executive Chairman, focusing on strategic oversight, long-term planning, capital allocation, and major corporate initiatives.
On the same date, Gavin Filmore was promoted to Chief Executive Officer of the Sponsor, taking responsibility for overall strategic direction, management, and operations of the Sponsor’s investment platforms. The report states that, as of its date, there are no new compensatory arrangements tied to these role changes and that officers of the Sponsor do not receive compensation from the Fund. The filing also notes there are no related-party transactions involving Mr. Trias or Mr. Filmore requiring disclosure.
Tidal Commodities Trust I’s Hashdex Bitcoin ETF (DEFI) reported Q3 2025 results. Net assets were $15,532,961 with 120,000 shares outstanding. NAV per share was $129.44 and the market price was $129.50. The fund held 134.87 bitcoin valued at $15,439,452 (99.40% of net assets) plus $60,692 in money market funds.
For the quarter, net income was $907,867. For the nine months ended September 30, 2025, net income was $3,160,734 and total return was 22.12%. NAV rose from $106.00 at year‑start to $129.44. The management fee was reduced to 0.25% per annum effective February 10, 2025, lowering the gross expense ratio versus 2024. Year over year, total net assets increased to $15.53M from $9.39M, alongside NAV per share rising to $129.44 from $72.25. Subsequent events note a planned Sponsor Replacement, with Hashdex Asset Management Ltd. expected to become sponsor in Q4 2025, subject to conditions including effectiveness of a post‑effective amendment.
Tidal Commodities Trust I filed Post‑Effective Amendment No. 3 to its Form S‑1 for the Hashdex Bitcoin ETF (NYSE Arca: DEFI), a continuous, best‑efforts offering of exchange‑listed Shares issued in 10,000‑Share Creation Baskets to Authorized Purchasers at NAV. The filing reiterates that the Fund seeks daily NAV changes that reflect the Nasdaq Bitcoin Reference Price – Settlement (NQBTCS), less expenses, and that assets will consist primarily of bitcoin with limited cash for operations.
Use of proceeds is directed substantially toward investing in bitcoin, with custody of digital assets at BitGo Trust Company, Inc., and cash at U.S. Bank, N.A. The Sponsor receives a unitary 0.25% annual Management Fee covering routine expenses; the Fund bears certain transaction and extraordinary costs. As context, total net assets were $14,672,828 with 120,000 Shares outstanding as of August 31, 2025, and the Fund held 13,487 bitcoin as of August 31, 2025. DEFI may create/redeem in cash or in‑kind; Shares can trade at premiums or discounts to NAV. The Fund is not an Investment Company Act vehicle and carries bitcoin‑specific risks, including price volatility and operational considerations.
Tidal Commodities Trust I announced that Tidal Investments LLC agreed to resign as Sponsor and transfer the role to Hashdex Asset Management Ltd. The Sponsor Transfer is expected to take effect during the fourth quarter of 2025. After completion, Hashdex would serve as sole sponsor of the Trust and intends to carry on the business of the Trust and its sole series, the Hashdex Bitcoin ETF.
The filing cautions there is no guarantee the Sponsor Transfer will be completed within the expected time frame, or at all. Shares of the Hashdex Bitcoin ETF trade on NYSE Arca under the symbol DEFI.
Tidal Commodities Trust I reported a governance update, stating that effective October 21, 2025, its sponsor Tidal Investments LLC executed an amendment to the First Amended and Restated Declaration of Trust and Trust Agreement. The amendment updates certain provisions of the Trust’s governing document.
The changes are disclosed under Items 3.03 and 5.03, with the full text of the amendment filed as Exhibit 99.1. The Trust’s shares of the Hashdex Bitcoin ETF (DEFI) continue to be listed on NYSE Arca.
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.
Tidal Commodities Trust I — Hashdex Bitcoin ETF (DEFI) reported interim financials showing combined net assets of $14,625,094 at June 30, 2025, versus $14,839,385 at the beginning of the period, with net asset value per share rising from $106.00 to $121.88. The statements show realized and unrealized gains on trading and cryptocurrency futures of $1,083,215 for the period and broker interest income items recorded. The report discloses a management fee reduction to 0.25% per annum (prior rate 0.90% before February 10, 2025). The fund holds substantial investments and cash equivalents (cash $74,496; prior $29,680) and permits up to 95% exposure to spot bitcoin and up to 5% to CME-traded futures. The filing also records a merger with Hashdex Bitcoin Futures ETF contributing 50,000 shares and $2,708,819 of net assets and confirms bitcoin custody in segregated cold storage with insurance coverage.