July 11, 2018
I am strongly in favor of approving the CboeBZX ETF.
There is a strong global demand for Bitcoin which will undoubtedly lead to a universally recognized asset class.
I believe the US, through the guidance of the SEC, should be at the forefront of this emerging technological and financial breakthrough.
However, Bitcoin still has several barriers to entry it must overcome before a large majority of interested capital can move into the cryptocurrency space.
Some, but not all of the major barriers are
1) Volatility
2) Clear SEC regulation/guidance
3) Lack of understanding/Education
4) Concerns for Security/Fraud/Scams
5) Uncomfortable with custody of private keys
Approving the CBOE ETF would be a major step in resolving some, if not all of these issues to a large degree.
I encourage the SEC approve this ruling.
Thank you.