Feb. 22, 2022
To Whom It May Concern: I’d like to provide my opinion that the SEC should approve Grayscale's Bitcoin Trust (GBTC) for conversion to a Spot ETF. This will allow individual investors such as myself to have the choice and option to invest in the base asset via an Exchange Traded Fund. Grayscale's GBTC is the largest custodian of Bitcoin as compared to any other Financial Institution so it only makes sense that they be permitted to offer a Spot ETF. The sheer size of their current Investors makes it clear that there is a strong demand by the American Investor Community in Crypto products and Bitcoin is proven to be a pristine institutional grade asset. American Investors should not be left behind while other countries are continually approving Bitcoin Spot ETF’s. Please kindly consider promptly approving Grayscale’s Bitcoin Spot ETF application and allow the free market to decide how it would like to invest. Respectfully, Jason Amerson Lutz, FL