Mar. 21, 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. I hope you do realize that Bitcoin can actually help reduce hyper-inflation currently in place now. GBTC spot ETF will allow more retail investors and institution investors to invest in Bitcoin and therefore, help delay the current consumption of retail investors to future days. This is important. With Feds behind the curve raising interest rates, SEC can actually help curb the hyper-inflation by approving GBTC spot ETF. This is the time when SEC can indeed shine for the entire human race. Thanks, Richard Zheng