July 12, 2018
An SEC approved Bitcoin ETF is a smart move at this time. I think Ethereum can be treated in a similar manner, with caution because it may truly become more than just a security (think world computer that depends on all decentralized contributing parts [including their coin]). We need this investment instrument to enable more secure environments, with custodial services and cold storage.
Remove the accredited investors restriction. Wealth is not a measure of intelligence. Please open up this ETF to all investors. Then approve it.
In the future, it would be smart to implement a minimum required time without a blockchain hack (does not include exchanges or wallets) before approving the security for trading in US markets. Bitcoin and Ethereum have proven themselves as secure and their governance will continue to value security above all else. 'Bitcoin Cash' however (a hard-fork of Bitcoin) is too young to be insured against loss.
Respectfully,
Bobby Durkin