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. How is it possible that a Futures ETF was approved before a spot ETF? Futures ETFs allow for leveraged trading, which millions of degenerates on Wall Street Bets and Robin'hood are allowed to do, yet it is in the interest of consumer safety that we are not allowed a spot ETF? If there is a concern about stable coin manipulation, how many banks were fined in the last few years for degenerate practices of mass manipulation? It seems to be a double standard. Outside of that, we are already seeing many businesses go to business friendlier countries, eroding America's dominance in tech and financial leadership. Why won't the SEC give guidance? Even the former head of the SEC has criticized the, "wait and see what happens" approach versus proactive guidance. I implore you to please make a spot ETF possible, so our Canadian neighbors are not the only ones to have. Sincerely, Kurt Loban