Apr. 27, 2022
Dear SEC, Dear SEC, I implore you to approve the Grayscale ETF application: BTC is a proven digital commodity, genuinely decentralised and not a security; It has enormous Social use – the unbanked are using it, it enabled aid to Ukraine, citizens in kleptocratic dicatorships are using it; As far as manipulation goes, there was proven manipulation in Gold markets. The gold ETFs were never withdrawn and blocked; You are hurting investors badly with blocking approval, look at the discount to nav caused; The USA should be leading in innovation, not blocking it; An ETF will see a maturing of the asset class and any manipulation diminish. The current position is untenable and goes against your very remit of protecting and assisting investors. You are holding back wealth development both in the US and across the globe. Bitcoin offers an important wealth preservation mechanism, particularly for global citizens without reliable banking facilities. Sincerely, Jake Cushing Oregon