July 11, 2018
Dear SEC Team,
I wish to lend my voice to the approval of the Exchange Traded Fund.
It is a public knowledge that the cryptocurrency is here to stay with its attendant problem which can be summarized as its volatility. This leads to instability in price regime. It is an attraction to traders and dis-incentive to stability seeking economies and fund. The reward includes high yield and return on investment.
In consideration of the several cons and benefits of cryptocurrency as a tradable commodity for the next generation it is imperative that SEC should trail blaze the global adoption of this form of trade to join forex, futures and other tradable commodities but specifying different strata of age groups that could sustain such a risky but rewarding ventuure and cwertain age agroup that is near retirement should never have their stable fund invested on this market without explicit approval of the primary fund owner.
I believe the age group stratification and risk analysis for each age range will help to ensure that right group will have the exposure required for this genre of investment option.
Thank you.
Nnaemego Obiora.