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 an investor in GBTC and do so through a ROTH IRA. While I would rather custody Bitcoin myself, I have very limited options with my retirement account. The bitcoin futures ETF was a start, but the US stock market needs better options for investors. In my opinion, a futures ETF is much more confusing than a spot ETF. The SEC would better serve the average investor by allowing this offering. Other countries have had the option of a spot bitcoin ETF, it is time for the US to catch up. Sincerely, Hayden Parrish