July 16, 2018
The thought of a Bitcoin ETF is both exciting as well as logical next step. A Bitcoin ETF would help pave the way to a safer, more predictable market for high net worth individuals as well as institutional investors.
I've had numerous investors express interest in a Bitcoin ETF. These seasoned investors see the ETF as a safer, easier to use investment platform that allows them to enjoy the fruits of these emerging markets without managing numerous exchange accounts and/or local wallet clients, ect. The ETF seems familiar.
Having been involved with crypto for 4+ years I can say with confidence that these assets are here for the long term.
With exchanges like Coinbase, Gemini, Poloniex, Bittrex, and Binance wilfully shaping best practices and self-policing, the crypto exchange space has improved immensely over the past 18 months. KYC and AML is now standard practice as is exporting of trader data to better help with tax preparation.
The CBOE seems right in line with the above progressive companies and the ETF would provide a great underwritten vehicle for investors.
Thank you for considering an approval.