Chainlink-related exchange-traded fund products face a key issue: different registration statuses determine what level of protection investors can receive. Some digital asset funds have not been registered according to TradFi regulations, meaning they are not subject to the same regulatory framework—by contrast, standard stock ETFs and fund products enjoy stricter investor protection mechanisms. This difference directly impacts the safety of your funds. Products that are not registered according to standard procedures often imply: lower transparency requirements, different audit standards, and potentially incomplete risk disclosures. In crypto asset investment, understanding these regulatory differences is just as important as distinguishing between Centralized Exchanges and DEX—choosing one ultimately relates to the level of risk you are willing to bear and the protection you can obtain.