Jul. 18, 2018
To whom it may concern,
I am providing this in the hopes that the SEC will grant the ETF application. As a Cryptocurrency investor I am all too aware of the reservations that the general market has when it comes to investing in something such as bitcoin. However, these concerns are not properly addressed by denying an application such as this. I would submit that the opposite is true. The reality is that the market is continuing to grow around the world and in the United States. More and more investors are coming to digital assets and they need a means to invest that protects their interests from the “Wild West” days of Cryptocurrency. Surely an ETF coupled with custody and insurance presents that opportunity. This application provides the SEC with a unique opportunity to develop the market in a way that protects investors and does not stifle growth. Cryptocurrency is happening. This gives you an opportunity to see that it happens in the right way. Therefore, I ask that you grant this application.
Michael