Subject: File No. SR-CboeBZX-2018-040
From: James Shaughnessy
Affiliation: CTO, Clutch Trading Company Inc.

July 11, 2018

A Bitcoin ETF is a long time coming.

Bitcoin is difficult to secure without extensive domain knowledge and significant funds.

It is not fair to force retail investors to design their own security system just so they can invest in Bitcoin.

Retail investors are not forced to hoard physical gold, so why should Bitcoin be different?

Bitcoin is a volatile asset, but retail investors have the right to speculate.
Denying a Bitcoin ETF because of its riskiness flies in the face of economic freedom.

The government should not pick winners and losers.
Let Bitcoin have its day in the sun.
My name is James Shaughnessy, and I support the Bitcoin ETF.