May. 10, 2022
Dear SEC, <BR><BR>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. <BR><BR>***[Please approve a spot bitcoin ETF. Claiming the protection of investors is bogus considering all of the insider trading done by government officials, including Jerome Powell. Also, look at all of the IPOs and SPACs that are now down over 80%. We want censorship resistant investment opportunities with a low fee. Greyscale has a 2% fee under the trust arrangement. That fee would get drastically reduced under an ETF model. This is very clearly helping retail investors. The Federal Reserve is becoming a target of undermining the democracy. We did not vote any of the fed officials into office. Govern based on the desires of the people.]*** <BR><BR>Sincerely, <BR>*** [Brendan] *** <BR><BR>