Bitwise CEO Hunter Horsley wrote on the X platform that he was pleased to see that the Bitwise Ethereum exchange-traded funds ETHW, iShares, and Fidelity all had inflows this Friday, reminding that ETHW is not an investment company registered under the Investment Company Act of 1940 in the United States, and therefore is not protected by the law. ETHW is not suitable for all investors and has high risks and high volatility.