July 13, 2018
To whom it may concern,
1. Cboe ETFs will be an excellent companion product to Cboe (and other) BTC Futures. Using these two base products, additional products can be created, for example purchasing BTC and using a future to reduce risk.
2. These financial crypto innovations will help to grow the USA financial industry market share globally.
3. These crypto innovations will also assist the USA technology sector to remain at the forefront of technological innovations.
4. ETFs will become a reality. This is an opportunity for the USA to take the lead.
5. As some clients request to purchase BTC as part of a balanced portfolio, an ETF makes it easier and reduces the risk of purchasing and holding BTC tremendously, this reduces the risk to financial intermediaries who have been requested to invest in this type of asset by their clients, which in turn reduces the risk in the financial industry in general.
6. It is much easier to track ETF transactions for taxation and anti money laundering which reduces fraud.
Andre R