February 15, 2022
I appreciate and understand that it is a fundamental duty of yours to prevent fraud and manipulation in relation to the investment vehicles you approve. That said, access to BITO by retail investors is at least as likely to result in loss for the investor. All financial vehicles are exposed in some degree to a level of manipulation and risk. Although crypto in general is still a relatively new and therefore uncomfortable asset, we will quickly fall behind other national competitors if we don't move to establish access for our investors. Consideration should be given to the distinct possibility that by bringing GBTC into the mainstream through spot ETF approval, the possibility of manipulation will be appreciably mitigated by the sheer mass of investment that might follow. Legislation related to crypto that could bolster more stability will be more at the forefront of Congress if this vehicle is approved. Show leadership on this, we cant afford to keep waiting for others to make a move.