May. 11, 2022
Good Evening, As a shareholder in the GBTC via the brokerage link attached to my 401K retirement plan, I have watched my investment go up in value in parallel with rumours of a soon to be approved Bitcoin Spot ETF; except, the spot ETF was never approved and a riskier futures-based bitcoin ETF was approved in lieu. This is not fair to me neither as an investor or as a taxpayer. At the end of the day, the role of the SEC in our government all boils down to one thing: consumer protection - does it not? By repeatedly denying applications for Spot Bitcoin ETF's I have watched my retirement investments in GBTC plunge dramatically in value. What we need is stability. What we need is a framework. What we need to get us there is a Bitcoin Spot Value ETF. What we do not need is more bureaucratic jockeying and deflection from the SEC. This country was founded by people who weren't afraid of trying things a different way; they didn't know if the new way would work, they just knew that the old way was broken. We aren't afraid to take risks. We aren't afraid of failure. We're only afraid of not being given the opportunity to try. Are you going to stand in the way of that? Respectfully Yours, Michael Johnson GBTC Shareholder Concerned Citizen Concerned Voter Concerned Taxpayer