May. 08, 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 am a NJ resident but planning to move to a state that upholds my Constitutional rights as Americans. As the federal government continues to expand its powers, citizens have less and less say in how we are governed. Our inherently inflationary debt-based monetary system steals capital from the working class, which leads citizens to look for ways to store and grow their hard-earned money. We have every right to invest in Bitcoin (or anything else) and allowing a btc futures ETF while denying a spot ETF is illogical and unfair. For those of us who work hard to earn a living the SEC is denying us the opportunity to store & grow those funds within the guardrails of an ETF. We do not need the government to tell us how to allocate our money - they clearly lack the competence or discipline to balance their own budget, so they should stay out of my finances. They already taking enough via taxation (without representation) and increasing inflation. There is no legitimate reason not to approve a spot btc ETF at this point in time. Thank you for your time & consideration. Americans desperately deserve an outcome that is not based on political affiliation and instead based on logic and truth. I pray that you will do what is right. Sincerely, Kathryn Ingram