May. 11, 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. By not having a spot ETF in the market is hurting myself, my friends and family that have retirement accounts that can't access spot Bitcoin. These futures based ETFs are hurting investors and doing a terrible job at tracking Bitcoin. I think it is an obvious bias against Bitcoin itself. While people at the SEC allow for leveraged ETFs of all sorts of toxic assets to be listed. The SEC in the name of protecting investors has only hurt investors over the years. The SEC's accreditation rules have stripped myself as free citizen of this country of making investments that would have made me millions of dollars. So please just get out of the way. Sincerely, Alex lary