# Hashdex Bitcoin Futures ETF (DEFI): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/defi for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Tidal Investments LLC · Asset class: Equity - Strategy: Thematic · Inception: 2022-09-14 The Hashdex Bitcoin ETF (the “Fund”) is designed to track the price performance of bitcoin.The investment objective is for changes in the Shares’ NAV to reflect the daily changes of the price of the Nasdaq Bitcoin Reference Price – Settlement (NQBTCS) (the “Index” or “Benchmark”), less expenses from the Fund’s operations. Because the Fund’s investment objective is to track the price of the Benchmark, changes in the price of the shares may vary from changes in the spot price of bitcoin. ## Key Facts | Metric | Value | |---|---| | Price | $71.99 | | Expense Ratio | 0.25% | | Assets Under Management | $14.5M | | NAV | $73.52 | | Holdings Count | 2 | | Distribution Yield (TTM) | — | | Annual Distribution (TTM) | — /share | | Distribution Frequency | — | | 52-Week Range | $66.52 – $142.50 | | Beta | 1.45 | ## Frequently Asked Questions ### What does DEFI invest in? The Hashdex Bitcoin ETF (the “Fund”) is designed to track the price performance of bitcoin.The investment objective is for changes in the Shares’ NAV to reflect the daily changes of the price of the Nasdaq Bitcoin Reference Price – Settlement (NQBTCS) (the “Index” or “Benchmark”), less expenses from the Fund’s operations. Because the Fund’s investment objective is to track the price of the Benchmark, changes in the price of the shares may vary from changes in the spot price of bitcoin. ### What is the expense ratio of DEFI? Hashdex Bitcoin Futures ETF (DEFI) charges an expense ratio of 0.25%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is DEFI? Hashdex Bitcoin Futures ETF (DEFI) manages $14.5M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is DEFI actively managed or an index fund? DEFI's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### When was DEFI launched? Hashdex Bitcoin Futures ETF (DEFI) launched in September 2022 and is managed by Tidal Investments LLC. ### How has DEFI performed? DEFI's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does DEFI pay a dividend? Hashdex Bitcoin Futures ETF (DEFI) currently distributes little or no income. Trailing-twelve-month yield is —. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does DEFI pay dividends? Hashdex Bitcoin Futures ETF pays dividends on its published schedule. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is DEFI's dividend yield? DEFI's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price. ### When is DEFI's next ex-dividend date? DEFI hasn't announced its next ex-date yet. Once declared it'll appear at the top of the dividend history table on this page. ### How much will DEFI's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.25% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does DEFI charge its expense ratio? The expense ratio is deducted in tiny daily slices from DEFI's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does DEFI cost more than a fund like VOO? DEFI's strategy (current expense ratio 0.25%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where DEFI sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to DEFI? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as DEFI (0.25%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/defi - Distribution history: https://www.dividenddata.com/funds/defi/dividend - Holdings & diversification: https://www.dividenddata.com/funds/defi/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/defi/expenses - Peer comparison: https://www.dividenddata.com/funds/defi/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.