May. 10, 2022
Dear SEC, I’m writing to support the conversion of Grayscale Bitcoin Trust (Symbol: GBTC), currently the world’s largest Bitcoin fund, to the first Spot Bitcoin ETF in the United States. It is morally and economically wrong to delay spot BTC ETFs any longer. Investors who are not technological savvy can risk losing their money if they try to buy Bitcoin on their own, and institutions are eager to invest. For the sake of the free market, let investors put their money where they want to put it. Try to remember why the USA is the economic powerhouse that it is. If the USA can openly embrace bitcoin, then it will have a head start on the rest of the world (and the emerging markets that are already adopting so quickly). For the sake of the USA and the free world, please do not delay. Sincerely, Gerrit van Sittert