July 12, 2018
I am a retail investor in various cryptocurrencies including Bitcoin. The SEC has stated publically that There are a number of significant investor protection issues that need to be examined before sponsors begin offering these funds to retail investors, but as the SEC drags its feet us retail investors are left suffering. The SEC is overthinking all of this. What we need is a very basic structure and basic protections from scams. There are very legitimate blockchain companies that are being DESTROYED by the lack of action right now. Many of these companies based in the United States are leaving for places with regulation in place like Malta, Estonia, etc. The SEC needs to approve this ETF as a step forward. If the U.S. does not get its act together we're going to fall far far behind in this advancing technology space.