First U.S. Bitcoin ETF To Close

First U.S. Bitcoin ETF To Close

Tue, August 4, 2026 at 4:25 PM GMT+3 1 min read

• BTC-USD -0.37%
• BTC -0.28%

A U.S. exchange-traded fund (ETF) that tracks the spot price of Bitcoin (CRYPTO: $BTC) is closing as inflows slow to a trickle.

Cryptocurrency asset manager Hashdex said that it is closing and liquidating its $14.7 million U.S. spot Bitcoin ETF.

It is the first U.S. spot Bitcoin ETF to shutdown since a dozen such funds sprang up in early 2024 after Wall Street regulators approved the tracking of BTC's price movements.

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Hashdex cited concerns over its Bitcoin ETF's liquidity and operating costs when announcing the closure.

Flows into Bitcoin ETFs have dwindled in recent months as investors chase better returns from technology stocks and turn to prediction markets for excitement.

As a group, spot Bitcoin ETFs have seen net outflows in each of the past three months, with redemptions exceeding $4 billion U.S. in June alone.

The crypto market as a whole fell 36% in July as prices continue to struggle and the industry fails to exit a "crypto winter" that began last autumn.

Bitcoin's price is currently at $63,925 U.S. and has been cut in half since hitting and all-time high of just over $126,000 U.S. last October.