Subject: SR-CboeBZX-2018-040
From: Andre Rademan
July 12, 2018
To whom it may concern,
- Cboe ETFs will be an excellent companion product to Cboe (and other) BTC Futures. Using these two base products, additional products can be created, for example purchasing BTC and using a future to reduce risk.
- These financial crypto innovations will help to grow the USA financial industry market share globally.
- ETFs will become a reality. This is an opportunity for the USA to take the lead.
- These crypto innovations will also assist the USA technology sector to remain at the forefront of technological innovations.
- As some clients request their advisors to purchase BTC as part of a balanced portfolio, an ETF increases the ease and reduces the risk of purchasing and holding BTC tremendously.
- It is much easier to track ETF transactions for taxation and money laundering which would reduce fraud.
Kind regards
Andre R