Feb. 23, 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 currently support the idea of the ETF because it really is not functionally different from GBTC in the first place. Also, there are far riskier ETFs that have already been approved (triple leveraged and inverse triple leveraged funds, for example). Lastly, I support bitcoin as a way to outpace inflation and save the economy and the people of the USA. I live in Idaho, where housing costs have far exceeded wages. Unfortunately, it means that Idaho natives are leaving the metro areas and even the state because their dollar is worth less. Supporting bitcoin would help solve this problem. Thank you! Sincerely, Matt Wisehart