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 personally own GBTC shares and I believe I should have the right to fair pricing and valuation of my shares. Conversion of GBTC to an ETF would help investors and it wouldn't hurt anyone. I thought that was the goal of the SEC. Lately, I'm not so sure. I do not want to own commodity futures-based ETFs when the simpler and less costly alternative (spot-based ETF) would be much better. Please change your policy and immediately permit GBTC to convert to an ETF. Sincerely, Ernest Boock Salem, Oregon