Dec. 29, 2023
Regarding: Ark 21Shares Bitcoin ETF, File No. SR-CboeBZX-2023-028 Invesco Galaxy Bitcoin ETF, File No. SR-CboeBZX-2023-038 iShares Bitcoin Trust, File No. SR-NASDAQ-2023-016 Valkyrie Bitcoin Fund, File No. SR-NASDAQ-2023-019 VanEck Bitcoin Trust, File No. SR-CboeBZX-2023-040 WisdomTree Bitcoin Trust, File No. SR-CboeBZX-2023-042 Wise Origin Bitcoin Trust, File No. SR-CboeBZX-2023-044 Franklin Bitcoin ETF, File No. SR-CboeBZX-2023-072 Grayscale Bitcoin Trust, File No. SR-NYSEArca-2021-90 Bitwise Bitcoin ETF Trust, File No. SR-NYSEARCA-2023-44 Global X Bitcoin Trust, File No. SR-CboeBZX-2023-058 Hashdex Bitcoin ETF, File No. SR-NYSEARCA-2023-58 Pando Asset Spot Bitcoin ETF, File No. SR-CboeBZX-2023-101 All applications for Bitcoin spot ETF, or similar tradable fund, or trust. To: Securities and Exchange Commission (SEC): I am a management professional with leadership experience across multiple countries, and I am writing to provide comments requesting rejection of all Bitcoin Spot ETF applications. This rejection is important in public and global interest for various reasons to include lack of compliance of various laws, the hindering financial inclusion and development efforts impact. The focus on Bitcoin investment through a spot ETF could divert attention and resources away from crucial efforts to strengthen traditional financial systems and promote financial inclusion in developing countries. By channeling investments towards a volatile and uncertain asset, an ETF could hinder initiatives aimed at expanding access to banking services, microfinance, and other instruments essential for economic development and poverty reduction. Please make decision to reject these BTC spot ETFs for the global good. Sincerely, Mohit