Mar. 14, 2022
Dear SEC, I’m writing to disapprove the conversion of Grayscale Bitcoin Trust (Symbol: GBTC), currently the world’s largest Bitcoin fund. Grayscale Bitcoin Trust (Symbol: GBTC) is under control of Grayscale company which is under the leadership of Barry Silbert. I totally disagree with their idea of a SPOT product due to high manipulative tactics. Barry Silbert, the owner of Grayscale, had multiple times tried to manipulate the SPOT price of Bitcoin using social media by specific tweets. As a result of his tweet "Big week ahead", the price of SPOT Bitcoin had been influenced by a 10% increase reaching the price of 69,000$ after his tweet. There are multiple examples of such tweets by Barry Silbert the owner and founder of GBTC Bitcoin fund. Please reject any attempt from Grayscale to get an approved BTC SPOT ETF. Sincerely, Paun Gabriel Razvan. -- Spiry Founder | Spiry V.C. site: spiry.ro & 247cryptonews.com Research, Development & Investments In Blockchain Technology Since 2013