Subject: File No. SR-CboeBZX-2018-040
From: Michele Scarangella

July 17, 2018

I strongly support the proposal of a Bitcoin ETF. Bitcoin is clearly here to stay. This would impact the market favorably by giving people and companies the opportunity to invest in a way that would encourage holding these assets rather than simply investing in futures, encouraging selling.

I understand people have commented that there are frauds in this space. This is not referring to Bitcoin itself, which is what this ETF is solely regarding. There will be a few bad actors in any space- even cash and we shouldn't hold it against the masses looking to invest in new opportunities to better our future . Thank you.