Apr. 27, 2022
Hello regulators, To repeatedly deny a spot based Bitcoin ETF is to defy the will and best interests of the United States taxpayer, of whom you have been appointed to protect. In no way does the erroneous continued blocking of these spot based ETFs benefit society, it is in fact a net negative as we can see by how many have been harmed due to the market inefficiency as it relates to the GBTC volatile premium and discount rates over time. The ideas behind approving a futures ETF but not a spot ETF fall apart rather quickly when put under-scrutiny. Given how poorly these futures ETFs have predictably underperformed the spot BTC markets since inception, it is criminal that they were allowed approval first and sold to an unwitting public. Countless other nations have approved spot BTC ETFs and they are wise do so. This will continue to be a major binary issue for many in the years to come and the public will be watching extremely closely and keeping note as to who was helpful in encouraging innovation and adoption, and who did their best to thwart it due to personal interests that lay beyond the public good. I implore you to take the gravity and implications of this issue seriously and approve the spot BTC ETF. We will be watching! Cozy