When you're looking at certain exchange-traded crypto products tracking blockchain assets like Chainlink, it's important to understand what regulatory framework they operate under. Some of these funds—particularly those not registered under the Investment Company Act of 1940—don't get the same level of regulatory oversight or investor protections that you'd find with traditional 40 Act registered ETFs and mutual funds.

This distinction matters. A fund registered under the 1940 Act typically comes with standardized compliance requirements, reporting standards, and investor safeguards built into the structure. Products operating outside this framework operate differently, which is why disclosures like this exist—to make sure you know exactly what you're buying into and what protections may or may not apply to your investment.