Subject: Release No. 34-83520; File No. SR-CboeBZX-2018-040
From: Brandon Hawthorne

Jul. 18, 2018

To whom it may concern,
An ETF is the most secure way for institutions and high-net worth investors to get involved in Bitcoin. It is my belief, that in such a short period of time, Bitcoin has defined itself as a legitimate investment tool. And it has established itself, without institutional support, as the future for investments. An ETF is critical to lead that future and provide a dedicated avenue for it. It is equally important that the ETF is physically backed by Bitcoin in order to add liquidity and stabilize volatility.
Brandon