February 14, 2022
Please approve a spot bitcoin ETF, and specifically approve the Grayscale $GBTC ETF application.
Public investors want and need a quality spot-based ETF product to gain exposure to Bitcoin. Our country is the land of the free, and responsible financial innovation is part of that.
It makes zero sense to allow a BTC futures product and not a spot product. Also, how many countless fraudulent foreign ADR listings are allowed? How many triple-levered inverse volatility and other such products? Remember XIV? There are many examples of areas where the SEC should be better protecting investors, but preventing a spot BTC ETF is not one of them.
The citizens of this great country want Bitcoin.