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’s evident that Bitcoin is increasingly playing a part in helping investors to diversify their portfolios, and invest in an asset class that will play an important role in financial markets in the future. I firmly believe that a Bitcoin Spot ETF will provide investors with greater protection than the current choices of self-custody (where there is a risk of irretrievably losing private keys) or leaving Bitcoin on exchanges (where there is a risk of cyber theft). The convenience and security of investing in Bitcoin through an ETF will be much more secure for the average investor. Other developed nations have seen fit to approve Bitcoin Spot ETFs. Please ensure that US investors are not left behind - and not left at greater risk - by approving this proposal. Thank you. Sincerely, Paul Clarke