Feb. 24, 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. Please consider these reasons: The approved futures based ETFs are very expensive in terms of long term fees and this is very unfriendly to retail investors. BTC is already available as a ETF in other countries BTC is widely traded already, but the lack of an ETF makes this type of property hard to access for retail investors using normal brokerage accounts and thus today are disadvantaged and have to use GBTC or the poorly constructed futures ETFs. Thank you. Byron Rubin