Subject: File No. SR-CboeBZX-2023-087
From: Jayson Hobby

A risk seemingly missed by everyone examining Bitcoin and Eth ETFs is Bitcoin or Eth provenance. That is, if the Trust owns Eth, how are we sure that those Eth are not the product of an alleged hack from months or years earlier, only for the Eth to be "reverse hacked" out of the Trust's wallet based on the instructions of a U.S. or foreign court order. This exact "reverse hack" was ordered by the courts of England and Wales recently, and had these coins been owned by the Bitcoin Trust, ETF holders would have a huge unresolvable loss. I have attached reports from a MakerDAO "reverse hacking" where a platform was stripped of its assets more than a year after a claimed hack. From the court ordered reverse hack - ' the Oasis.app team confirmed that a counter exploit had taken place, outlining that it had “received an order from the High Court of England and Wales” to retrieve certain assets related to the “address associated with the Wormhole Exploit.' This filing must be disapproved on this major flaw alone. This condition may not apply to any iShares filings.