DEFI
Hashdex Bitcoin Futures ETF
DEFI tracks an index that provides the average of the closing settlement prices for the front month bitcoin futures contracts listed on the Chicago Mercantile Exchange Inc. (CME).
Risk Management
DERIVATIVES
Active
MANAGEMENT STYLE
15.4 M
ASSETS UNDER MGMT
94 bp
EXPENSES
Fund Basics
| Fund sponsor | Teucrium |
| Category | Risk Management |
| Asset class | Derivatives |
| Website | link... |
| Inception date | Sep 15, 2022 |
| Assets (mns) | $15 |
| Expense ratio | 94 bp |
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Derivatives-based | Yes |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top Holdings
| BITCOIN | 99.4 % |
| CASH & OTHER | 0.6 % |
Historical Performance
Standardized Performance (as of 08/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 15.3% | 82.4% | 93.8% | -- | -- | -- | -- | 71.9% |
| Dividend Yield | 0.0% | 0.0% | 0.0% | -- | -- | -- | -- | 0.0% |
| Total Returns | 15.3% | 82.4% | 93.8% | -- | -- | -- | -- | 71.9% | Ann. Volatility | 42.1% | 46.1% | 50.4% | -- | -- | -- | -- | 51.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.50 | 15% |
| MSCI EAFE | 0.61 | 3% |
| MSCI Emg Mkts | 0.16 | 0% |
Liquidity Measures
| Avg. volume (000) | 1 |
| ADV traded (mns) | $0 |
| Turnover | 0.8% |
| Avg. Bid/Ask (% of price) | 0.50% |
Technical Indicators
| Recent close | $128.33 |
| 30d moving avg. | $129.41 |
| Annualized volatility | 53.6% |
| Relative strength (RSI) | 52 |
| Short interest | 1.4% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Expense Analysis
| Peer Group | Active Risk Management Derivatives ETFs |
| # of ETFs | 109 |
| Avg. Expense Ratio | 85.0 bp |
| Std. Deviation | 17 bp |
| DEFI (94 bp) Percentile rank | 50 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| DEFI | 94.0 | 50.4 | 144.4 |
| Peer Avg. | 96.5 | 30.9 | 127.4 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .