Feb. 22, 2022
Dear SEC Commissioner, The SEC's mission is to safeguard investors. This goal is not being met by the current rules. In its current form, the Grayscale Bitcoin trust is a poor investment vehicle compared to what it could be if it were converted to a spot ETF. The futures ETF that was approved is significantly riskier for investors, and it illustrates the SEC’s shameful lack of concern for investors. Grayscales' application must be accepted and converted into a spot Bitcoin ETF. Do your job. Jay D'Aprile