Mar. 28, 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. I truly believe choice is paramount to American freedom and the freedom to pursue ones own financial choices and those should not be overly limited by the SEC. Not having the option to invest in a spot BTC ETF while only having a higher risk futures ETF is equivalent to slavery and is an unfair ultimatum. It is plainly a poor decision to have one without the other and is a pirate approach towards investors interested in the sector. I have followed this since inception and the SEC has yet to make a reasonable, without a doubt, case as to why the commision continues to delay and deny. Quit the stall tactics that are costing irreparable damage and targeted at specific group of investors. Sincerely, Jonathan Wright