September 21, 2018
I am looking forward to the SEC engaging and working with CBOE on this Bitcoin ETF as an additional asset class. This would help investors diversify their portfolio with the expected level of risk. As seen with most emerging and hyped funds there are spikes and crashes, however as they mature they tend to level out. For example the Tilray rise and fall this week.
Stocks can be manipulated just as much as an exchange rate of BTC. BTC is related to true market value and allows the market to decide the actual value.
Looking forward to hearing more good news about future SEC involvement with the Cryptocurrency industry.
Regards,
DaveB