Feb. 24, 2022
Dear SEC, I’m writing to support the conversion of Grayscale Bitcoin Trust (Symbol: GBTC), currently the world’s largest Bitcoin fund, to the first Spot Bitcoin ETF in the United States. As an individual investor we should be given the opportunity to have a spot Bitcoin ETF. Other countries have them with success. This would be a win win situation. Small investors like me can finally have the same opportunity as the big banks and hedge funds. The tax revenue would be good for the US economy as people will trade some BTC. The US should be stockpiling BTC as well, it is the future. I find it insulting that I can go gamble all my money away on Draft Kings or in Vegas but the SEC will NOT allow me to have access to a spot ETF. We all know there is no greater risk there than other investments. Look at ARKK! All investors can loose money. What the SEC should do it is approve it but require an abundance of education for investors! Help people learn. The better they invest the better for them and more taxes. The SEC seems to be favoring their buddies on Wall Street again and denying the individual investor. Get with it SEC! Approve a BTC and help the people of the country! Sincerely, Sharon L. Gray