Jul. 21, 2018
Dear representatives of the SEC,
As a participant in the blockchain space I’ve witnessed how Bitcoin (among other cyptocurrencies such as Ripple, Stellar, etc.) are an early step into bringing more efficiency for the global financial system.
People are notable to use the typical channels they would expect to make this type of investment. They must rely on startup companies which directly exchange cryptocurrencies for national currencies. These companies provide a more direct exchange, but are much less compatible with existing/traditional means of investment at the moment.
The benefit for everyone here is the ability for people to choose a Bitcoin investment on the same platform as their existing investments. It would provide convenience and allow capital to stay in the financial system as it is today. Otherwise, more people will continue to seek alternative ways of investing in cryptocurrencies, adding inneficiency to this process.
Even if the final ruling is against this ETF, I ask that you understand the demand for bitcoin in relation to its accessibility for the everyday investor.
Respectfully,
Chet Dudeman