July 11, 2018
Hello there,
I am emailing to discuss the matter of the proposal for the Bitcoin ETF that has been submitted by the CBOE.
There is an enormous amount of discussion within the crypto community about the matter of a possible approval of a Bitcoin ETF. It is now the present mindset of the community that we would much rather prefer the CBOE allowed to launch a Bitcoin ETF (rather than a smaller unknown institution) as the CBOE is at the moment one of the largest and most regulated institutions within the U.S. As regulations, transparency and KYC are of vital importance to the cryptocurrency space, it is of little doubt that the CBOE would be able to handle all matters of regulatory importance and compliance in the matter of a Bitcoin ETF as they have done previously with other security filings.
Liquidity in the cryptocurrency markets, while also a possible issue at present is being worked on by a number of companies such as Coinbase in an effort to provide not only a broader more secure environment for investors in the space but also a compliant atmosphere for others to follow.
Thank you very much for your time, and I not only speak for myself but the vast majority of people in the community who hope that this ETF will be further reviewed and approved.
Kind regards,
George M.