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. When I first discovered Bitcoin on 2017 I wanted to add this asset to my 401k account but couldn't find a way to do it except through GBTC. GBTC has disadvantages and due to that now trades at a huge discount. Why do retail investors get punished when trying to invest into a new asset class? Other countries offer spot backed ETF/ETP products but not the US. We've been waiting for years please make it happen now. Sincerely, Daniel Schuetz