Gbtc

Hashdex is set to close and liquidate its U.S. spot bitcoin ETF after the fund failed to gain scale in a market dominated by larger rivals. The move highlights how investor flows have concentrated in major products while attention has shifted toward AI-linked returns.

Grayscale Chief Financial Officer Edward McGee has resigned after seven years at the crypto asset manager, with Kathryn Masci and Daniel Plourde named interim co-chief financial officers. The move follows another senior departure and comes as the manager of GBTC keeps its U.S. IPO preparations on hold amid market conditions.

Despite significant outflows from bitcoin exchange-traded funds (ETFs), BTC maintains stability above $64K, signaling a weakening correlation between ETF movements and bitcoin's price.