Mar. 10, 2022
Dear SEC reps, There is no reason that certain very risky securities/funds are made available for the general public, while a spot Bitcoin ETF is prohibited behind this mask of “investor protection”. The American public has a right to invest in large-scale investment funds featuring Bitcoin. It is absurd that the SEC has allowed futures-based Bitcoin products, yet prohibits something much more legit. And it’s even scarier that the SEC watches situations like Robinhood/hedge funds collaborate to scam the American people out of their money and stands idle, but decides to clamp down on something that actually allows Americans to preserve their savings while inflation ravages our bank accounts. I fully 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. Sincerely, Chad Dickman