Bitwise 10 Crypto Index ETF Lacks Crucial Regulatory Protections

The Bitwise 10 Crypto Index ETF (BITW) has come under scrutiny due to a critical omission in its registration status. Unlike traditional mutual funds or exchange-traded funds, BITW is not registered as an investment company under the Investment Company Act of 1940.

This means that BITW is exempt from certain key regulatory protections, which are typically enforced on registered investment companies. Industry influencer Hunter Horsley has emphasized this concern, warning that BITW may be unsuitable for all investors due to its lack of regulatory oversight.