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'm a Puerto Rican father of a large family, working as a college professor in the Lincoln, NE area. I'm excited for the future of crypto and I hold Grayscale funds in my retirement and health savings accounts. Charting and trading cryptocurrencies is challenging enough; having to cope with the fluctuating premium in these funds seems like a further, unnecessary hurdle for retail investors like me. It seems like converting these funds into a spot ETF would ease the process for retail investors. Eliminating the premium factor (or bringing the premium from negative double digits to near zero) would make it simpler for retail investors to trade and hold crypto funds in these types of tax advantaged accounts. It's safe to say that such a conversation would be welcome by an overwhelming majority of retail investors. I myself would strongly support it, as it would be a big win for the little guy. Sincerely, Francisco J. Romero Carrasquillo Lincoln, NE