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 a math teacher by profession and I have invested in GBTC because it was the only way I could get exposure to Bitcoin in my retirement account. I am aware that a futures based ETF exists but I do not want this product as a retail investor (nor do I want a Trust based product but it is the better of my 2 options). I want a spot-priced Bitcoin ETF. I am aware of the risks of such a product, but at least it will track the true price of the asset in which I would like to invest. Yes I am a retail investor, but that does not make me an ignorant investor. Sincerely, Ryan Rupp Fort Wayne, Indiana