Feb. 22, 2022
I support approving Grayscale Bitcoin Trust's application for a spot bitcoin ETF. The approval would allow for holders and purchasers of the security to rely on their investment to more closely track the underlying price of bitcoin. Continuing to deny the application will only delay the evolution of this relatively new but maturing asset class. Additionally, a delay would allow other countries to be more competitive, forcing investors to move their assets away in order to gain access. Jack