July 11, 2018
Comments attached:
Bitcoin introduced the world to BlockChain Tech. Allowing a fully regulated ETF related to cryptocurrency to operate would ease worries suppressing the crypto market. Although Bitcoin was the "canary in the coal mine" that alerted us to the potential of BlockChain tech, it isn't the only iteration of it.
The listing and trading shares of SolidX Bitcoin Shares would entice high net-worth investors to get off the sidelines and into this space. Bringing along with them the cash flow and volume required for a bit more stability in the market.
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. Make the right choice. Stabilize this market early so that we can all reap the benefits later.
Respectfully,
Jeffrey Johnson Jr.