Feb. 23, 2022
Dear SEC, I'm writing in 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. I am a small investor. The average "joe" in this world of investors. I've done my countless days months and years of research regarding the use of blockchain. And though I respect the SEC's position to protect every investor from dangerous acts; I must, 100% whole heartly disagree with the SEC'S position on this topic. The SEC has continually rejected every effort and every narrative to make Bitcoin etf a reality. The SEC states that a spot etf isn't well developed nor viable. The SEC has rejected countless attempts, citing possible lack of info or manipulation. The SEC has elected to favor a paper cash version of an etf. If over a dozen countries have approved a spot etf of Bitcoin, why not the USA. We hear from our government that our nation should be the leader in all fields. All i see is that SEC is an antiquated department of the US government. A department thats been seen as a bully, as negative to our nations growth and a department used by the banks to control and subjugate the American "joe" Now Bitcoin has been around for 13 plus years. It has proven to be a decentralized unit of value. Like gold, its scarce, like gold you mine it, and like gold has value by its use as a monetary ledger, its mining technology makes it the most secure network in the world. As the months pass by, as countries in the like of the usa continue to adopt the technology, i fear that the SEC has only created a roadblock to advancement of the American dream... My position is get the word out to all my friends, to promote the movement of a spot btc via YouTube via personal webpage to promote our liberty of use of btc by any means possible. Please, reconsider your position and approve a gbtc spot etf Sincerely, J rosete