February 18, 2022
Please approve this change. A physical Bitcoin etf is important for retail investors to have access to. Grayscale has proven to be able to manage a btc fund. Converting gbtc to an etf will be the lowest risk way to provide a physical Bitcoin etf to the public. Bitcoin is the largest digital asset and the most stable. For many investors, an etf will be the most secure way to obtain exposure to Bitcoin. It will reduce fraud and risk of investor harm to provide an easy to access low cost physical fund. People who trade can use the futures based funds. People who want to hold Bitcoin long term in a retirement account need a physical fund with low fees. It harms many investors to not have access to a physical Bitcoin etf.