Subject: File No. SR-CboeBZX-2018-040
From: Aryan Sadighi

July 10, 2018

A bitcoin ETF would mitigate the risk for many inexperienced investors, many of whom are either very young or very old and may have trouble managing the technical side of holding bitcoin. Younger investors may be better at holding bitcoin and managing their private keys, but are inexperienced when it comes to finance, trading, and investing and may hurt themselves easily in the cut-throat and often predatory exchange markets. Older investors may have good technical analysis skills and more discipline when it comes to trading and reading technical cues, however they may have many issues when it comes to understanding the tech behind blockchain and cryptocurrency, the aspect of sending BTC to addresses, creating wallets, and protecting their private key from theft.

Crypto in its current state is very basic and not user friendly when it comes to sending it and holding tokens across various mediums, wallets, and exchanges. A  streamlined ETF would make it easy for both new and experienced investors alike to benefit from the rise of crypto technology while mitigating the risks of holding it in shady exchanges or falling for predatory market tricks by allowing professionals whom are knowledgeable in crypto and technical analysis trading to mitigate risk and maximize earnings for all parties. This would ensure a more efficient market in this growing market.

-Aryan Sadighi