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. A bitcoin ETF mimics the price of the digital currency, allowing investors to buy into the ETF without trading bitcoin itself. Investing in a bitcoin ETF cuts out any issues of complex storage and security procedures required of cryptocurrency investors. Despite having a future BTC ETF, it's still risky due to the exposure to bitcoin and intricacies surrounding futures contracts. I reside in New Jersey State. Sincerely, Krist Sokoli