Mar. 07, 2022
Dear SEC, The SEC justification for delaying the Grayscale GBTC Spot ETF based on protecting U.S. investors from volatility is not credible. Consider a commodity like Crude Oil (WTI) that has fluctuated between -$40 per barrel in April 2020 and $130 today The rationale of approving a Bitcoin Futures ETF and not a Spot Bitcoin ETF under the guise to "prevent fraudulent and manipulative acts" is a ludicrous ruling. Please approve the GBTC Spot Bitcoin ETF for investors. Thank you.