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. Bitcoin’s legitimacy has passed the test of time and has outlasted many actual companies both public and private. Delaying the conversion of GBTC to an ETF, only serves to limit liquidity and hurt the very consumers you are charged with protecting. Further, limiting access only serves to drive consumers to other riskier vehicles to invest in bitcoin, such as decentralized exchanges, OTC services, and crypto exchanges where consumer protections are limited or non-existent. Please consider approval. Sincerely, Simon Han