Subject: File No. SR-CboeBZX-2018-040
From: Muhammet Ergenc
Affiliation: CS Graduate from North American University

July 13, 2018

The underlying technology of Bitcoin attracts many of the well known companies. Many of them are adapting blockchain into their systems. That's adds value to Bitcoin every single day considering the long term.

As of today, Bitcoin price is much more stable then before. Investors have much more awareness of how things work in the cryptocurrency era. Many companies are also aware of the benefits of trading Bitcoin. However at the moment there are no that many alternatives for trading Bitcoin as company wise. The ETF will solve that problem and make the business a lot easier for companies.