March 7, 2017
Hon. Michael S. Piwowar, Acting Chairman
Hon. Kara M. Stein, Commissioner
U.S. Securities and Exchange Commission
100 F Street, NE
Washington, DC 20549
Re: File No. SR-BatsBZX-2016-30
Dear Commissioners Piwowar and Stein,
It has come to my attention that per the proposed Rules-- the fund in question does not provide adequate resolution re: the procedures regarding the dispossession of forked assets: a notion which is absolutely critical in the field of cryptocurrency. In lieu of receiving delivery in the underlying, a precisely-defined policy should be in place regarding the holdings in the event of a crypto-asset "Fork" in which the underlying asset becomes two or more computationally-distinct assets.
In light of this imprecision, I would will the ETF not be approved for the sake of potential investors: said loose policy is not in the public best interest.