July 11, 2018
Dear SEC,
i strongly believe an Bitcoin ETF helps investors in the current situation as the whole market itself.
Many long term inverstors and retail investors lost a lot of money during the bear markets and an ETF can help them.
An ETF will surely boost the price and will help current and future investors as the crypto market goes more and more mainstream.
As a result, with more and more investors into crypto and crypto going mainstream, it should also be expected that the whole market gets more regulated and that decreases the risks of their investors regarding price fluctuation and various existing scams.
The market is still in the beginning with many promising projects, teams, companies. It is like the internet in the early stages. We should not try to strangle them in the early phase of their development and preventing new technology to come out at all.
Best wishes
Christian Denk