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. I think it’s totally asinine that you’ve approved bitcoin derivatives futures markets, instead of the under lying asset ETFs, that all bitcoin price is derived from ? Then claim your are trying to protect investors from fraud or manipulation. Looking at how the bitcoin market trades now it appears your involvement has changed the markets, as it now trades with the stock market. I believe you’re complicit in this by design. I believe we need protection from the SEC, and their friends trying to put a finger on the scale of a free market. Several other countries have approved an have a successful non derivatives spot Bitcoin ETF. I’m already calling for an investigation into why we are still having this conversation. Sincerely, M. Epps