Subject: File No. SR-CboeBZX-2018-040
From: Niels van der Keijl

July 17, 2018

I support the creation of the ETF, it will allow the market to mature, bring more liquidity into the market and due to the physically backed bitcoin will help create a more stable market as it develops further.

Bitcoin and cryptocurrency will change the financial market, once it becomes easier available (lower bar) to people in the world and wider accepted it will happen, whether banks, institutions, etc are ready or not. The technology capability is huge (especially for BTC) and it will grow and mature, it does depend on when all stars are aligned... this ETF will be one of these first stars to improve adoption and recognition.