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Tidal Commodities Trust I (NYSEARCA:DEFI) announced this week that Tidal Investments LLC has entered into an agreement to resign as sponsor of the trust and transfer its sponsor role to Hashdex Asset Management Ltd. The transfer, referred to as the Sponsor Transfer, is expected to take effect during the fourth quarter of 2025, according to a statement included in a recent SEC filing.
Following the Sponsor Transfer, Hashdex Asset Management Ltd. would become the sole sponsor of the trust and intends to continue operating the trust and its sole series, the Hashdex Bitcoin ETF. The ETF’s shares are listed on NYSE Arca under the ticker symbol DEFI.
The filing notes that there is no guarantee the transfer will be completed within the expected timeframe, or at all.
This information is based on a press release statement included in the company’s Form 8-K filed with the Securities and Exchange Commission.
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