Jul. 22, 2018
To whom it may concern,
I am writing to show my strong support for the Bitcoin ETF as proposed by the CBOE. The recently approved Bitcoin futures in the United States have proved to be a success and have helped to stabilize volatility. A regulated ETF with further reduce volatility and will provide hedging and investment opportunities for large institutional investors that can not currently invest in this technology in the United States.
This ETF will also help bring investment and tax money back into the country as many investors are forced now invest in Bitcoin through foreign, unregulated, and/or unscrupulous sites. A regulated ETF will provide a safe and trustworthy avenue for Bitcoin investments. There are already very successful ETFs up and running in both Sweden and Switzerland so the United States can not afford to fall behind the adoption of this technology any further. People are going to continue to invest more and more money in Bitcoin whether the ETF gets approved or not because it is such an amazing technology so having a regulated, taxable, and safe way to buy it through US exchanges makes sense. Thank you!