Subject: SR-CboeBZX-2018-040
From: Maximilian Gasseholm

July 11, 2018

To whom it may concern,

Many institutions and high net worth investors are waiting for secure ways to buy, sell and hold bitcoin. Considering the insurance this ETF would have, and the custodian solution it’s clear this ETF is a step in the right direction for America. It is also critical that this ETF maintains a physically back bitcoin, which will add liquidity and stability to the market over the long term.

DLT represents the next wave of technological revolution, potentially bigger than the internet. America needs to establish itself in this new sector which will disrupt so many fields. This ETF will signal a certain maturity in crypto assets to various industries and in result more capital will flow to crypto. More US jobs will be created as businesses innovate using DLT. It is important that the US develops digital infrastructure as it relates with DLT, else they will be left behind by much more technologically advanced countries.