Jul. 18, 2018
Currently unsophisticated individual retail investors with limited knowledge of cryptocurrency technology can already purchase an hold BTC directly from exchanges for their investment; However, BTC left in exchange accounts are frequently subject to theft by computer fraud/hacking, and many individuals lack the experience to take personal possession of investment quantities of cryptocurrency and adequately secure their crypto assets from theft and accidental loss; similar to the way in which many individuals lack the experience and means to secure investment quantities of physical gold in their personal possession.
Based on the filing for this registration, the proposed ETF will provide an experienced professional management and security of the crypto assets: providing better protections against investors suffering losses due to theft, fraud, or accidental loss, etc