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. The conversion to a spot based ETF will reduce the price manipulation as investors will be able to purchase the SPOT equivalent price as real representation of the underlying asset. I believe with other countries offering citizens the option, the United States should provide the same feature if they want to remain competitive with the rest of the world in regard to Bitcoin. There is already a gold ETF so we should have a Bitcoin spot ETF as well. Sincerely, Matt Unks