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 do not want to take custody of Bitcoin and I don't think it's right to be subjected to the volatility of significant discounts and premiums to nav with vehicles like gbtc. Your denials are not in investor interests. It's one of the most liquid assets on earth with well distributed ownership, it's of sufficient size - it's time to do the right thing and approve an ETF. Your continued denials are becoming an embarrassment. You "serve the investor" but all you've approved is a scammy futures based ETF guaranteed to lose money over time. Do the right thing and approve this. It's time now. Sincerely, Ben Sexson