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 am one of many who see through the politics of this decision. Futures contracts settled based on the spot price are available to purchase in an ETF, so I don’t understand how you are protecting anyone from fraud, manipulation, etc. Also, GBTC trading at a 30% discount for the entire period I have owned it does not make me feel valued or protected either. Please do the American people justice and convert the trust to an ETF. Give America a chance to get in the drivers seat for innovation. Quit holding us back Sincerely, Thomas Alexander