May. 11, 2022
Oh Great SEC, I am writing to support the conversion of I’m writing to support the conversion of Grayscale Bitcoin Trust (Symbol GBTC), to the first Spot Bitcoin ETF in the United States. We live in a society where only "Accredited Investors" have access to an expanded universe of investment opportunities. We live in a society where investment opportunities are front run by Wall Street. Although you may disagree with my perspective on this subject, as an active investor in GBTC and its underlying asset (BTC), I feel the SEC is unnecessarily delaying a Spot Bitcoin ETF. Many qualified companies have already applied and have been denied. Meanwhile the rest of the civilized world are launching their own Bitcoin ETFs. I'm proud to be an American, and our history of leading the rest of the world when it comes to innovation -- across many industries and, including of course the financial industry, and do not want to that lead and the hard work of those before us squandered. So why the delay? What reasons exist for such a delay? All of the early reasons brought up publically by the SEC have been addressed. In short, there is no other reason other than politics. Politics is never a good reason to prevent growth. Please, let's do this already! I am a voting citizen living in the state of Idaho and I appreciate the opportunity to have my voice heard. Sincerely, -Kevin Headings