Subject: File No. SR-CboeBZX-2019-004
From: Emma Buckley

Mar. 27, 2019



As a woman who has been in this space since the early days, I find it vital that we the public keep control of our cryptocurrencies and accept the risks that come with self-ownership. 


It is also interesting that this presentation for File No. SR-NYSEArca-2019-01 located at assumes that the public need protecting and will benefit from an ETF. 


It claims that 95% of the volume on BTC Exchanges are manipulated and that liquidity is much lower than previously calculated. 


It is like asking permission from the fishing authorities by saying: 

"Gee whiz 95% of the world's oceans are polluted, but we assure you that 5% is not. And the actual volume of fish is much smaller than previously calculated. So we argue that it is a very healthy and stable environment for fishing. Therefore grant us a fishing license immediately {by taking our word for it} as it is a brilliant idea for us to go out fishing now!" 


I am confident there are better workarounds than such products {e.g. an ETF} from the financial world. Reject these proposals. 


Thank you for listening,