Apr. 23, 2022
Dear SEC, I am writing in support of the application to convert GBTC into a spot ETF...this action would save investors' money. To me, it seems that bitcoin as an asset class has matured to the point that this makes prudent sense especially since bitcoin is capitalized in the hundreds of billions and is a 24/7 market priced on multiple exchanges in multiple jurisdictions worldwide (and even in outer space!). In fact, of all the assets I can think of, this one, being completely voluntary and working with human nature, and being decentralized, is most likely the most manipulation-proof asset ever created by humanity! Please, let's join the ranks of other countries that have already made this move. Sincerely, Steven Adler Palm Springs, California