July 17, 2018
I strongly support approval of Bitcoin ETF.
Security is one of the biggest issues with crypto currencies at the moment. As the space is developing, it is prone to hacks that result in physical loss of the crypto asset for the investor. Having Bitcoin ETFs that are the physically backed by secure holdings of bitcoin in the VanEck SolidX Bitcoin Trust would solve the issue of security for crypto investors. As a result, this would alleviate investor risk of Bitcoin custody and increase overall security in the space.
Furthermore, ETFs custody of Bitcoin would ease the trade of Bitcoin as investors would no longer have to manage the custody of an asset. Thus, it is essential to get Bitcoin ETF approval as this would bring security into this new developing space.