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 NY state where even buying on an exchange is difficult to do, but beyond that bitcoin and crypto are my preferred retirement choices. It's time for a bitcoin spot ETF. The bitcoin futures ETF is a joke unless the SEC is purposely trying to help wall street funds skim a percentage off the top of retail buyers orders and obfuscate price discovery. What retail investors like myself is exposure to bitcoin spot price. I am extremely disappointed. At a time when so many developed countries have already given their citizens access to this investment vehicle, how is there even an argument against a bitcoin ETF? Sincerely, David Murphy.