Feb. 22, 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. It has been 10 years since the existence of this Cryptocurrency, and it is widely being adopted around the world. Manipulation of markets in my opinion is rampant in stocks and options, and all the other financial “products” people have come up with, and that is allowed correct? If your goal is to protect the public, then stop trying to take down like Ripple, and allow the Bitcoin ETF. In the case of XRP, you have allowed this to circulate for over 8 years and be traded, and now you want to say it is a security? Too late. I feel no protection from the action of your agency. Rather, I feel that individuals in the SEC have an interest in taking down XRP for their own benefit in some other currency. Just allow the Spot ETF so more people can participate in BTC, and will result in more stability. Sincerely, Seiichiro Kita