Jul. 06, 2021
File No. SR-CboeBZX-2021-019 Dear SEC Regulators, I am writing in support of The Securities and Exchange Commission (SEC) approving the VanEck proposal. Two of the goals of the SEC is to protect investors and facilitate capital formation. By approving this proposal, you will be protecting investors in the following way: Encouraging competition which helps investors with more investment vehicle options (lack of competition does not help investors) Encouraging investment through regulated ETFs protects investors who must go today through cumbersome processes to gain exposure to the BTC market. Easing the process of accounting for institutions who may be sitting in the sidelines because they do not want to go through the hassle of investing in the native asset, add custody, etc. By approving this proposal, you will be facilitating capital formation this way: By increasing capital formation, investors can grow their capital as more investors add new positions to the asset class. Those investors can later allocate part of that capital towards investment in real estate or starting new businesses that generates new jobs. This would be a real stimulus to the economy that would not cost anything to the taxpayers, versus simply printing more money which causes inflation which is a hidden tax to the middle class. Just at the US was the leaders during the Internet era, we should lead the Crypto/Blockchain era adding thousands of new jobs to the economy. Finally, I would encourage the SEC not only approve the VanEck proposal but also the one from One River, which is a carbon neutral proposal which adds diversity to the Bitcoin ETF products for those investors who are specially interested in a “green” solution too. Thank you. A father, husband of a beautiful wife, happy taxpayer, and small business owner