May. 11, 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 provides an asset not tied to human production error or trust. I have been burned by so many fraudulent publicly traded companies I do not understand how the SEC is not supporting a spot etf but support many fraudulent companies and provides liquidation opportunities for founders of badly run organizations. Also how is a future product approved and not a spot etf. That gives institutions the ability to manipulate price more with paper bitcoins. Please approve and give the smaller people a chance at hope and an improved system. The current system is set up to take from us and give more wealth to elites. Keep that up and there will be war. Sincerely, Brent