Hashdex Bitcoin Futures ETF (DEFI) is an exchange-traded fund that provides investors with exposure to bitcoin price movements through futures contracts traded on the Chicago Mercantile Exchange (CME). The ETF primarily invests in front-month CME bitcoin futures contracts, rolling them over periodically to maintain continuous exposure; it may also hold cash equivalents, U.S. Treasury securities, and CME bitcoin futures options for collateral and risk management purposes. Launched in 2024 and domiciled in the United States with sponsorship from Hashdex Asset Management LLC, headquartered in New York, the fund targets institutional and retail investors seeking regulated bitcoin futures access without direct cryptocurrency ownership.
The fund operates within the digital assets and cryptocurrency derivatives segment, focusing on the North American market through listings on major U.S. exchanges. It benefits from Hashdex's broader ecosystem, which includes other crypto-related ETFs and index products offered globally via subsidiaries in Brazil and Europe.
In late 2025, DEFI underwent a significant rebranding from its prior ticker and structure as part of Hashdex's strategic expansion in U.S. spot and futures-based crypto ETFs, aligning with regulatory approvals for enhanced product offerings; this followed a major funding round for Hashdex's U.S. operations and a partnership with leading index providers to launch next-generation crypto ETPs.