May 23, 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'm a Bitcoin holder and my 80 yo father (as well as other family members) want to invest in Bitcoin as well but they are not comfortable with buying bitcoin directly. My father is even an accredited investor but feels more comfortable with purchasing through a brokerage or an ETF. So in my opinion, to continue to deny millions of Americans access to the hardest money we've ever had via an ETF is ridiculous. If you care about the financial security of Americans, this is a no brainer. The fact that you approved futures trading before a spot ETF is ludicrous if you care about hard working Americans trying to hold onto their value vs those Wall Street types trading stupid derivatives like futures! Are you kidding me!?! Stop with the games! Approve this spot ETF in July & let's start securing Americans savings, retirement & futures before hyperinflation kills us all. The clock is ticking on the debt-ridden dollar so let people flee to safety before the house of cards collapses entirely. Let the old people get on the lifeboats for God's sake. Move out of our way! Sincerely, Yvonne Padgett