Jul. 18, 2018
To whom it may concern:
I wanted to share my opinion regarding the Cboe request to develop a cryptocurrency (or more specifically, Bitcoin) ETF. I have been participating in the the Blockchain technology space and Cryptocurrency markets for for some time now. I truly believe that this technology is a tremendous asset. It has an incredibly promising future as an investment vehicle and currency supplement Through the many applications of Blockchain technology, there are endless benefits and functions to the utility tokens and Sidechains being developed.
I believe that a Bitcoin or mixed cryptocurrency backed-ETF is the best way to bring liquidity and stability to this emerging space. It is an incredibly promising area of financial technology that I believe will play a large role in the global economy. It would be wise for America to lead in the regulation of this space and encourage a balanced, yet flexible set of policies that encourage innovation and provide a reasonable level of consumer protection. It is important that America helps develop this space, act as a harbinger for innovation, and allow exciting new investment opportunities so that America is a leader in this space.
A Bitcoin ETF will go a long way in consumer protection. Where the retail Cryptocurrency investor is currently relegated to trading on unregulated, private exchanges, a traditional ETF will provide great relief and improved access, in a safe and regulated way.
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Regards,
Brian Literman