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. Please seriously consider converting GBTC to an ETF – as currently constructed, it is actually hurting investors (not protecting them) and there is evidence that spot-based ETFs track the underlying asset more closely, more efficiently, and more safely than futures-based ETFs. I work in the financial services space and reside in California. Sincerely, Wally SVB Confidential You can manage your email preferences, or unsubscribe from promotional or marketing email, by visiting the Silicon Valley Bank Manage Email Preferences page. Read our Privacy Policy. Silicon Valley Bank is a member of the FDIC and the Federal Reserve System. Silicon Valley Bank is the California bank subsidiary of SVB Financial Group (Nasdaq: SIVB). Silicon Valley Bank is registered in England and Wales at Alphabeta, 14-18 Finsbury Square, London EC2A 1BR, UK under No. FC029579. Silicon Valley Bank is authorised and regulated by the California Department of Financial Protection and Innovation (DFPI) and the United States Federal Reserve Bank; authorised by the Prudential Regulation Authority with number 577295; and subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority. If you recently applied for credit or we are requesting additional information to process your credit request: Important disclosures for Equal Credit Opportunity Act and USA PATRIOT Act, please click here.