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Hunter Horsley, industry influencer, highlights that the Bitwise 10 Crypto Index ETF (BITW) is not registered as an investment company under the Investment Company Act of 1940.
As a result, BITW is not subject to the same regulatory protections as mutual funds or ETFs registered under this act and is considered unsuitable for all investors.
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Andrew Jiang recently highlighted that the Bitwise team manages custom derivatives portfolios to generate yield for large crypto asset holders. In a separate development, Tuur Demeester has observed more Bitcoin investors borrowing against their holdings instead of selling when they need cash. Both trends show continued experimentation among crypto market participants.