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. I live in California and have retired in 2017. GBTC has been part of my retirement IRA. It currently does not track the price of bitcoin, but as an ETF, it will. I firmly believe crypto currencies are a big part of the future, and as with the US dollar, investments should be fairly valued. Investments should also be transparent as GBTC currently is. If it is not converted to an ETF soon, monies will flow out of GBTC and into wallets where you will not have visibility or access. The more transparent (and taxable) funds for crypto, the better it will be for all. Sincerely, Jeffrey S. Frantz