March 17, 2022
I am appealing to chairman Gensler that myself and clearly many other investors have been anticipating approval of GBTC conversion to a spot ETF, please protect the public, and approve this application. I truly struggle to understand your continued refusal, when other countries have a spot ETF in place, And a spot market should be the truest reflection more or less it should be like the gold thats supposedly in Fort Knox except grayscale really has the bitcoin Im not sure the fort Knox does. As a man who studied Blockchain and taught the course, I know youre familiar with buy sell walls in particular in futures markets, thats true manipulation, Though you cited futures as a regulated market from where I sit it looks more like regulated conspiracy. The argument about manipulation is flawed at best, my opinion is that its simply hollow. I have significant investment in GBTC through my employer sponsored 401(k) because it was the only asset to give me exposure when the money supply exploded during Covid and while all investments, have risk, I did not anticipate or expect bureaucracy that supposed to protect investors to be in the way and do harm. Please, do no harm, please approve