Quarterly ResultMay 12, 2026, 05:07 PM
Hashdex Bitcoin ETF Q1 Net Assets Down 22.5% to $9.22M
AI Summary
Hashdex Bitcoin ETF reported a significant decline in net assets and net asset value per share for the first quarter of 2026. The Trust's net assets decreased by 22.5% to $9.22 million, primarily due to $2.67 million in unrealized depreciation on investments. This quarter also marked a change in sponsorship to Hashdex Asset Management Ltd. and a strategic shift to exclusively holding spot Bitcoin, eliminating Bitcoin Futures Contracts from its portfolio.
Key Highlights
- Net Assets decreased by 22.5% to $9.22 million as of March 31, 2026, from $11.90 million.
- Net Asset Value per share fell 22.5% to $76.84 as of March 31, 2026, from $99.15.
- Net decrease in net assets from operations was $2.68 million for the three months ended March 31, 2026.
- Net change in unrealized depreciation on investments totaled $2.67 million for Q1 2026.
- Hashdex Asset Management Ltd. replaced Tidal Investments LLC as the Trust's sponsor on January 15, 2026.
- Investment strategy shifted to primarily spot Bitcoin, discontinuing Bitcoin Futures Contracts.
- The Trust discontinued presenting the Statement of Cash Flows for the three months ended March 31, 2026.