July 11, 2018
Read some of the others comments and this sums it up perfectly
"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 Ive 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.
Thanks,
Travis Williams"
With myself being an active member of the Cryptocurrency/Blockchain/BTC community (and along with other members of Congress/SEC/etc) we strongly believe BTC is a solid financial medium that needs regulation and access as an investment vehicle (to both institutions and individuals). Blocking this could potentially stifle further regulation and inovation in the Cyptocurrency space. It will also fuel the individual investor to use unregulated exchanges to invest in BTC.
Bitcoin has never been hacked. Unregulated exchanges and users "wallets" have, but the blockchain in Bitcoin itself has been 100% secure since inception. That is a pretty amazing feat.
Kindly requesting the Appoval of this BTC ETF with hopes of moving forward with appropriate regulation and technology advancement.
Leon Ross