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. I have been in the crypto market for many years and find it ridiculous that Grayscale who I’ve also used for 2 years haven’t had a Spot Etf approved . Bitcoin is an asset I will hold no matter the current price and feel that you have to now be responsible and help investors in a real way by allowing proper money to flow in . You can only hold this off for so long until by not doing so is hurting the investors you say you are trying to protect . Please get it done so money can flow in and stabilize the market . The government have been too flippant with their loose monetary policy and it’s only the lower class people that are getting hurt and feel they are being helped by getting free money . Help them understand why they need bitcoin or actually any assert. Anything else is not acceptable and your action so far has just been posturing and scaring people away from bitcoin that you know will help people . Gary knows full well that bitcoin is essential and needs to be regulated . Please get it done and give Greyscale a spot ETF. Sincerely, Wayne