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. It is still confusing to me that something like GBTC is OK to buy through my personal retirement account but not a BTC ETF that would be more fairly tied to the price of BTC the asset. The SEC is not protecting the public by preventing them from investing in a BTC ETF. Whether the SEC likes it or not, Americans want exposure to the BTC spot market and they are already purchasing bitcoin directly, and indirectly via GBTC. Its time for an ETF to be approved. Thanks, Chris Rottler