Bitwise Bitcoin ETF Faces High Risks And Volatility

According to Odaily, Bitwise has clarified on the X platform that its Bitcoin ETF, known as BITB, is not registered under the Investment Company Act of 1940, commonly referred to as the '40 Act.' As a result, the fund is not subject to the regulations outlined in this legislation. Investors should be aware that engaging with BITB involves significant risks, including the potential loss of principal. The fund is characterized by high risk and volatility, making it unsuitable for investors who cannot afford to lose their entire investment. It is important to note that investing in this fund does not equate to directly investing in Bitcoin itself. The nature of digital assets, such as those involved in BITB, requires careful consideration and understanding of the inherent risks. Investors are advised to thoroughly assess their risk tolerance and financial situation before considering an investment in such high-risk financial products.