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 live in California and am strongly encouraging you to convert GBTC to a spot bitcoin ETF. Doesn’t make sense to have a futures etf which isn’t even directly connected to the spot price and not have one that is directly connected to the spot price such as GBTC. You’re not protecting investors but preventing them from having a proper spot etf just as there are gold ETFs such as GLD that hold gold bullion just as GBTC holds bitcoin. Sincerely, Robert Kent