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. It’s honestly unimaginable at this point to understand why the SEC has not approved a Bitcoin Spot ETF. The cost to hold the futures based ETF is hurting the retail investor all while the Grayscsle trust now trades at a double digit discount to NAV which also hurts the retail Investor! Who exactly is the SEC looking out for? Sincerely, Craig Van Arsdale State of Alaska