Feb. 22, 2022
Hello, I would like to share my comments below on why a SPOT Bitcoin ETF should be approved by the SEC. 1. A SPOT Bitcoin ETF will close the discount to NAV on GBTC. 2. A SPOT Bitcoin ETF should allow grayscale shares to be redeemable for the underlying asset. 3. A SPOT Bitcoin ETF will put the U.S. at an advantage compared to other countries. 4. A SPOT Bitcoin ETF will allow Americans to invest directly into Bitcoin rather than seeking indirect exposure elsewhere. Thank you, Nick Schott