Subject: SR-CboeBZX-2019-004 VanEck ETF Bitcoin
From: Sami Santos

Mar. 12, 2019

For the commissioned

Giving legitimacy to the issue of Bitwise ETF Bitcoin, it is of the utmost importance that ETF approval that provides greater security in the crypto-currency market, such as greater liquidity, transparency and safe custody of assets that will have credibility for large investors. And bitcoin itself is revolutionary for its reasons:

1 - Fast to carry out transactions;

2 - Low cost to carry out transactions;

3 - Not confiscated (as happened Aquino Brazil with the Collor plan in 1991)

4 - Privacy

5 - Blockchain a system that has never been corrupted or manipulated, as it happens in the centralization of the system that generates corruption and money laundering.

6 - Weapon against poverty, and anyone with access to the internet can transfer to anywhere in the world through bitcoins;

7 - Non-inflationary, because it is scarce at 21 million units, bitcoin can not be issued and exacerbated, as happens with a central bank.

8 - stimulating innovation; every day the foreign exchange and exchange companies grow every day and behave as goldman sachs in the acquisition of poloniex and NXMH in the purchase of Bitstamp.

Regarding the argument of the SEC that has not yet approved an ETF because of manipulation and mainly appreciates the protection of investors is contradictory, because without an investment fund the investor is susceptible to buy bitcoins in deregulated exchanges and lose their investments (bitcoins), VanEck already offers insurance to cover possible losses and as such, the investor will show interest in investing in an ETF fund.

So I see no reason not to approve VanEck ETF and BItwise
Thank you very much,

Sami dos Santos 

Remetente notificado por 
Mailtrack 12/03/19 09:09:07