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. In addition, I would also support future spot ETFs across many other digital assets. I write to you as a resident of the State of Minnesota. The proposed ETF would allow me to invest in a product that has protections against fraud and theft of holding the underlying asset and be a healthy trend of allowing digital asset spot ETF trading in US markets. The current fee on the non-ETF product is a huge premium to be able to have investments with exposure to digital assets in an IRA account. As an investor I believe we would greatly benefit from a low cost ETF that tracks the value of one of the world's quickly growing assets. Please help open up competitive markets to this product and continue to approve spot based digital asset ETFs to promote competition in one of the best free markets in the world. Sincerely, Josh Spelbrink