Mar. 30, 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. It’s disingenuous of you to suppress the adoption of an asset that’s been around for over a decade and has been purchased by individuals and institutions worldwide. I realize you’ve a mandate to protect investors from fraud--In Bitcoin’s case, you’re only protecting them from acceptable volatility. Bitcoin encryption has proven inviolate, the maximum number of tokens remains fixed, and acceptance is widening. We’re not talking about speculative alt-coin here. I would like to think your organization truly represents investors and is not engaged in unwarranted Beltway politics. Sincerely, Chris J. Bloom