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. The SEC job is to protect investors. The current situation stands that we as a progressive and forward thinking country has always been about pioneering and creating standards. But at this very moment in time we are not doing what’s best for our investment community. The Grayscale Bitcoin Trust needs to be converted into a SPOT ETF. Our country needs to play catch up and most certainly do not want to be left behind. There’s risk in everything we do in life. Everyone should and shall be ultimately responsible for their own actions. I for one would request formally that the SEC accept the conversion to a SPOT ETF. Sincerely, Chi Yip