Mar. 04, 2022
Dear SEC, Take your pick. The public does not care which application(s) the agency chooses to approve, but for the sake of the general investing public on whose side you profess to be, grant us convenient access directly to the BTC asset (not a derivative of it) through our stock trading accounts ASAP. And if you choose to continue to reject the countless spot BTC ETF applications, please cease the empty platitudes in your public statements about how your persistent rejections are “to protect investors.” Please tell us the specific technical reasons for your rejections and what needs to change for the SEC to grant its approval. We, the individual American taxpayer, for whom you also work, would like real answers as to why the SEC chose to approve a futures BTC product, which is principally engaged by algorithm run institutional investors (whose over weighted trading heavily manipulates the spot market), while it continues to reject a spot ETF which would allow accessibility for retail investors to diversify their portfolios into this new asset class. It begs the question, “who is the agency truly aiming to protect?” Because I do not feel protected by the SEC at all. To the contrary, I currently feel oppressed. Thank you for your attention to this plea. Kindly, Bradley Mann Atlanta, GA.