May. 10, 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. Many other countries including Canada and Australia have authorized a Spot Bitcoin ETF. Free markets should allow investors to make their decision upon which investment vehicles they want to add in their portfolio. A Spot Bitcoin ETF would allow people who desire the use of the traditional rails which have been in place for decades to give them access to a new asset class. In times where retirement savings are each day more difficult to attain while inflation runs rampant, the SEC should provide greater access and rails to proven assets such as Bitcoin which have proved to be a powerful ally against inflation and loss of purchasing power. Please, do not let America fall behind the curve when it comes to freedom of access in the financial world since it is this access that has provided America with the well known American dream. It is time to allow for a Spot Bitcoin ETF in the United States of America. Sincerely, Jorge L. Hernández, DNAP, CRNA East Amherst, NY 14051