Jul. 18, 2018
Dear SEC,
We need ETFs in the crypto investment portfolio for one very simple reason... you have already allowed futures on crypto, the worst thing you could have ever done to a young, credible and vastly important market for investor funded technology development. Since you made this massive mistake and given the outcome, a highly volatile and manipulated market, you need to allow ETFs to counter balance the effect of futures in crypto markets.
ETFs require the physical possession of crypto coins. Futures can be leveraged 100 to 1. ETFs will not hurt the market, not expose retail investors to undue risk and will only strengthen the market for this burgeoning technology.
It should be amply obvious that you should add ETFs immediately. To delay further can only be interpreted as intentional manipulation and grounding of this industry for selfish reasons that only benefit rich bankers and government interests over the interests of the people.
Please just think about the voters and get this done.
Regards,