Subject: File No. SR-CboeBZX-2018-040
From: Erik Holzen

July 11, 2018

The United States has the opportunity to beat the rest of the world to market with a Bitcoin ETF. Blockchain technology has been rapidly developing over the past few years and has the potential to have a major impact in the global business world. The United States is in a unique position to lead that charge. Many investors currently do not have the technological know-how to purchase and store Bitcoin but this ETF will give them the opportunity to get skin in the game.