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 US. We need to stop unnecessary regulation from shutting down innovation in our country. We are behind many major countries that have a spot ETF for quite some time without any issues. In general, the SEC needs to get their act together and figure out how to help innovation in this country not slow it down. If you go to most crypto based companies, websites they exclude US citizens from participating. Look at the list of other countries listed along with the US. It reads like a who's who of the most oppressive and corrupt countries in the world. Not a list you should be proud of being on. Sincerely, Rakesh Mehta