Apr. 25, 2022
Dear SEC, Bitcoin has been through market ups and down and more scrutiny than nearly every financial asset on earth and yet it remains as the most valuable, most secure, and best performing asset of the last 10 years. There is really no reason to not allow GBTC to convert to an ETF other than "it's risky." Yes. Risk is inherent in investing. But ironically, converting GBTC to a spot ETF actually helps build confidence in Bitcoin and investing in Bitcoin which lowers risk further down the road. Do the right thing and help support the future of financial investing. Allow GBTC to convert to an ETF. I mean I guess you could decide not to and face a long, drawn out lawsuit from Grayscale with lots of filings, hearings, arguments, etc. and even then you could lose and have wasted all that time and money just to have to approve it anyway. And even if you win that lawsuit, then what? A BTC ETF just gets approved later down the road? What would have all been for at that point? Is that REALLY worth it? The choice is REAL simple: approve the ETF. Thanks, Dean