Feb. 22, 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 support Hester Pierce in her position that it makes no sense to approve a futures based ETF while denying a spot ETF. It is sending the wrong message to our global allies abroad, many of which already themselves have active spot ETFs. It sends the message that out securities regulators are not acting in the best interest of average retail traders, which certainly does not align well with American values and the reputation we want to broadcast to the world. Sincerely, Brad Stewart