May. 06, 2022
Dear SEC; There is no justifiable cause to block Grayscale from converting their GBTC trust into an ETF. Retail and new institutional investors alike are tired of the pay-to-play crony-favoritism that masquerades as consumer protection among our nation's regulatory institutions, while stifling innovation and curtailing access to investment vehicles that are being demanded and desired by the marketplace. You are well aware that investors in GBTC are suffering great losses due to the discounted price of the current shares, and that withholding approval for the conversion is providing protection to no one other than a handful of whatever special interest groups are lobbying against it. Please end this reign of financial tyranny and do right by the people you are supposed to be serving: allow this conversion to an ETF. Jared Peterson