Bitwise CEO posted on X that the material must be accompanied by a prospectus and that investors should read it carefully before investing. According to Odaily, BSOL is not suitable for all investors, and investing in BSOL carries high risk, may involve significant volatility, and could result in a substantial or total loss of investment.
According to Odaily, BSOL is not an investment company registered under the U.S. Investment Company Act of 1940 and does not have the same protections as mutual funds or ETFs registered under that law. The post also said investing in BSOL is different from directly investing in Solana (SOL). The marketing agent is Foreside Fund Services, LLC.