Feb. 23, 2022
I would like to see Grayscale’s Bitcoin Trust converted to an ETF. 1. Many other countries have already approved physical BTC ETFs. 2. By only approving futures based ETFs you are ensuring that investors LOSE MONEY over time as compared to an ETF that holds BTC. I can only assume that this is done on purpose so that the government can point to these futures based accounts and say “see, these are junk, and BTC is not good.” There is enough FUD being pumped out of Washington already. We DON’T need MORE! 3. This would open up investment possibilities to millions more investors who don’t want to custody their own BTC or have no interest in opening more accounts. An ETF would make investment in BTC very easy. 4. Legitimizing the hardest, most secure asset on the planet along with supporting development around BTC is what the Federal Gov’t SHOULD be doing. The US Dollar is only worth a very TINY fraction of its value since 1913 while BTC is up over 150% per year since inception. US citizens SHOULD be hedged with BTC to counteract the ever-falling dollar. Thanks for the opportunity to express my views. Mark Adams, PE Clarence, NY