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. Bitcoin has proven to be volatile but no more risky than dozens of other investments widely available to the public. It makes no sense to allow trading of cash settled Bitcoin ETF’s that can be used to manipulate Bitcoin price but not allow a Grayscale Bitcoin ETF backed directly by Bitcoin. Many other countries have approved Bitcoin ETF’s, please approve the requested Grayscale Bitcoin ETF immediately. Huge tax opportunity for the US government, please approve now. Sincerely, Leroy Jeffrey Bryson