Mar. 30, 2022
Dear SEC, I’m writing to support the conversion of Grayscale Bitcoin Trust (GBTC) currently the world’s largest Bitcoin fund to the first Spot Bitcoin ETF in the United States. It is utterly despicable that ghe SEC under Gensy has allowed a BTC FUTURES ETF and declined the spot ETF deliberately, in an act of financial obstruction, to the lasting financial detriment of every American citizen. The Canadian BTC spot ETF is draining investment out of this country and proves categorically there is no big international money laundering scheme at play by allowing the spot ETF. Gensler who has other motives in obstructing the spot ETF, has overly dramatized and exaggerated the risks to one purpose….procrastination to allow a CBDC catch up and fear for the bond markets. This is NOT the SEC’s remit. It must end…please do the decent thing. Gensler should not hijack the SEC’s raison d’etre. Sincerely Sanjay Srivatsa MD