Let $V$ be a topological vector space (not necessarily finite-dimensional) over a field $K$, and let $GL(V)$ be the group of invertible linear maps $V\to V$ under composition. There are two obvious topologies for $GL(V)$:
The compact-open topology, which is generated by a subbase $\{f\in GL(V):f[C]\subseteq U\}$ for $C$ compact, $U$ open;
Choose a basis $B$ for $V$, and interpret $GL(V)$ as elements of $K^{B\times B}$; topologize this set by the product topology.
My question is: Do these topologies coincide, and is $GL(V)$ a topological group under these topologies? I think I can show that (2) is independent of the basis:
Suppose that $B$ and $B'$ are bases for $V$; to show that the topology (2) with respect to $B$ is the same as the one using $B'$, it is sufficient to show that the subbase for $B'$ is open with respect to the $B$-topology. A subbase element in the $B'$-topology is a translate of a set of the form $\{f:f(b)_a\in U\}$ for some $a,b\in B'$ and $0\in U\subseteq K$ open (where $x_a$ is the $a$-th component of the $B'$ basis representation for $x$, $x=\sum_{a\in B'}x_aa$). Since $B$ is a basis, $a$ has a $B$ basis representation $a=\sum_{v\in B}a_vv$, and since $V$ is a TVS for fixed $n$ there is a neighborhood $U'\subseteq K$ of zero such that all $n$-element sums from $U'$ are in $U$. Then since $f(b)_a=\sum_{\alpha\in B}\sum_{\beta\in B}a_\alpha b_\beta f(\beta)_{\alpha}$ is a finite sum, choosing $n\ge|\{\alpha\in B:a_\alpha\ne0\}||\{\beta\in B:b_\beta\ne0\}|$ we have
$$\bigcap_{\alpha\in B:a_\alpha\ne0}\bigcap_{\beta\in B:b_\beta\ne0}\{f:a_\alpha b_\beta f(\beta)_{\alpha}\in U'\}\subseteq \{f:f(b)_a\in U\}.$$
Does either of (1) or (2) hold the claim of being the "natural" topology for $GL(V)$? I saw a topology textbook discuss (2) in the context of finite-dimensional matrices, but I don't know if there are undesirable properties of one definition or the other in the infinite-dimensional setting.