Bitwise: Business is not doing well, sold shares early

Divestment and closure: No warning at all, Bitwise directly announced: We are not playing these two products anymore, preparing to liquidate. This feels like the local popular store downstairs claiming to open for a hundred years, suddenly posting a notice saying they will sublet next week, and not a single word of explanation.
Forced redemption: If you are a holder of these two funds, May 21st is the "deadline." If you do not sell proactively, the system will automatically convert your holdings into cash around May 29th and forcibly return it to your account. This move is the official "take profit" or "stop loss" for you.
Strategic contraction: Closing BTOP and BWEB indicates that such complex rotation strategies and conceptual Web3 investments might no longer appeal to the old money in their eyes. What everyone wants now might just be simple and straightforward spot trading.
My sharp comment
This incident tells us: even institutional products are not invulnerable to being locked in a safe.
Brothers, if you hold such niche concept funds, check your accounts quickly, don’t wait until the system automatically "liquidates" you at the end and you realize too late.
I will keep an eye on these asset management folks’ movements—who is adding positions, who is secretly making a living. Stay steady, we can win. #WCTC交易王PK #美国寻求战略比特币储备 #比特币ETF期权持仓限额增4倍 $BSB $OPEN