Subject: SR-CboeBZX-2018-040 Comment
From: Travis Williams
June 29, 2018
In response to the request for comments for SR-CboeBZX-2018-040 as a new ETF over the counter product, I would like to propose the following comments:
- As a long time investor in cryptocurrencies and related technologies, an ETF that is properly regulated and utilized safe physically stored assets is an important step in providing citizens a much more secure manner to invest. Most of the difficulties I’ve witnessed in the past involves issues with individuals safely storing their bitcoins/crypto.
- This ETF as a first (as well as other) are an important step in continuing to stabilize and protect investors of all sizes.
- By continuing to deny the structure of a new market, by denying ETFs and larger institutional and individual on-ramps, your department is forcing investors to utilize a diverse set of sometimes less secure, less regulated, or services that are not as stable.
I suggest action be taken to start approving ETFs versus inaction which appears to be more damaging to investors.