Sep. 21, 2018
To Whom It May Concern, Regarding the VanEck SolidX Bitcoin Trust I am an institutional investor, and I am very interested in being able to purchase exposure to bitcoin through a regulated ETF product like the VacEck SolidX Bitcoin Trust. We live in a digital world, and this represents a digital store of value that is the future of finance and will bring decentralized stores of value to millions of unbanked people worldwide. Potential Manipulation and Other Risks All asset classes have some potential for manipulation from large traders or holders of the asset. Bitcoin is the largest, oldest, and most secure cryptocurrency. The institutionalization of this asset class through ETF's and other products will significantly decrease these risks if they do currently exist. It will make the asset class significantly more decentralized, stabilized, and more liquid. The risk of manipulation in this market is no different than the risk of manipulation in any established market that is already trading under the protection of the SEC. In summary, this is a financial product that a large amount of investors want to purchase through an established avenue like an ETF on CBOE. As it appears to be a fully insured product, there is no more risk in buying this ETF than any other commodity based ETF that is already trading. I would very much appreciate you approving this product. Thanks! James Cook