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. Hi, I reside in New York city and I'm confused why a bitcoin spot etf cannot be approved. This should of been approved before a futures etf. I've been trading for over 30 years and manipulation in the futures market happens way more than any spot or cash market. The spot market is cash you cannot manipulate that because the price is the price. In futures you have different months to expiration which can be manipulated from the futures price and the real spot price. Please convert GBTC to an etf, to only make it an even playing field for all investors. Jimmy Yan Sincerely, *** [YOUR NAME] ***