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. As a public servant Gary Gensler you should be ashamed on not giving the public what it wants. Stop helping your friends who lobby hard against innovative technologies and just approve the god damn ETF application. You have approved several IPOs and SPAC mergers etc that have caused ultimate destruction where public has lost most, if not all their investment if they bought the top. Please explain how this is consumer protection. While you constantly deny Bitcoin and Ethereum ETF applications consistently, there are no guarantees with the ETF products you have approved. So unless you provide consumer protection guarantee with your approvals, converting GBTC into a bitcoin ETF is the most consumer friendly thing you can do. I am a US citizen from NJ. Sincerely, Riddhish P.