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. You’ve allowed a futures product which isn’t exactly a positive for retail investors. And your reluctance to allow the ETF conversion has only hurt price of the current trust which is at a huge discount to the underlying asset. If you honestly want to help citizens and keep them safe, you’ll allow us to purchase an ETF which would closely match the actual underlying asset price. We are capable of making our own decisions. Many investors are not so ignorant to the risks of investing in new technology and we deserve a ETF to do so. This is America. We should have the freedom to choose our investments and this would be a big step forward and make it easier for us than keeping up with private keys and wallets. Other countries have an ETF. Why can’t we? Sincerely, Donald W Woods Best regards, Don