Presenting to the SEC, Bitwise systematically dismantles misconceptions about the market makeup of digital asset exchanges and clearly distinguishes between suspicious and reliable data providers and exchange services. Bitwise highlights the characteristics of reputable and disreputable companies and identifies the necessary data to parse less-obvious suspicious service providers. On a higher level, Bitwise also breaks down how bitcoins are used, stored, and traded to provide clarity on the panoply of startups working to bootstrap this nascent industry.