July 19, 2018
To the Commission and Staff of the SEC:
All securities held in US investment companies have at least one thing in common: they give their holders a legal claim on something of value, whether it be a company's assets, a debt, another security, or a physical commodity or property.
A bitcoin does not give its holder a legal claim on anything, and for this reason cannot be considered a "legitimate" financial asset.
The SEC can draw a clear line here. Please consider the dangerous precedent you will set if you approve this fund.