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 think it's critical to give investors the protection of buying a vehicle that tracks bitcoin directly from their brokerage account. Many investors would like exposure but do not feel comfortable buying through a crypto exchange and holding coins in a digital wallet. The Bitcoin Futures ETF was a great start, but I think everyone agrees a spot ETF would track the price more accurately and would be a safer way for investors to gain exposure to bitcoin as well. Thank you for your consideration! Sincerely, Mark Teplitz