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. Bitcoin is the most important monetary innovation since the invention of paper money. Please begin protecting investors from things like SPACs, stable coins and insider trading politicians which you have so far failed to do. Bitcoin is not only completely harmless but beneficial to society in helping empower the unbanked and reverse climate change. You have limited resources; stop allowing corruption to proliferate in the US and hurting individual investors by attacking the most secure network known to man. You can do some much more if you change your focus. Sincerely, Eric Degler