Oct. 19, 2018
Dear Sirs, I am writing in support of approval of the Van Eck/Solid X Bitcoin ETF. The proposed ETF offer investors physically-settled Bitcoin through recognized and respected ETF providers. The SEC has a role as a regulator but not the protector of the investor. Claiming that Bitcoin has the potential for manipulation is obvious yet this risk is one also shared amongst any traded security and/or commodity. We do not live in a perfect world and there are those who will look to exploit any segment of the market given opportunity to do so. The greatest protection from manipulation is the free market and increased liquidity. I feel that the SEC stands to do greater harm to the cryptocurrency market by their pattern of “delay then rejection” then then would do by “approval and supervision”. Thank you for your consideration of my submitted comments, Kenneth Moresco,