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. In 2021, I cleared out a portion of my 401k resulting in a significant taxable event just so I could have those funds to purchase bitcoin. I shouldn’t have to do this simply because the SEC is incapable of making a decision with an investment product. Meanwhile, many developed nations around the world are doing the right thing and allowing the freedom and right for people to choose the retirement investment they want. I can understand a pause for review but at this point, continued delay for approving this product as an ETF is only beginning to make me question what the cause is for further delay. It’s simple. Let us be free please. Sincerely, Ryan Conlon