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. My understanding is that the SEC is in place to protect the people, to serve the people. Having a futures ETF available so that big institutions can short BTC does not seem to be in the interests of “the people”. It is widely agreed upon view that the spot ETF is a far superior product and one that those of us who truly understand and appreciate Bitcoin want. Sincerely, Matthew Pierce