Feb. 26, 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. Canada has successfully launched numerous spot bitcoin ETFs and has been gaining lots of traction without any signs of market manipulation. The SEC should utilize these products in their inherent risk assessment when deciding on a decision. The adoption of Bitcoin as a alternative asset will continue to grow with or without the spot bitcoin ETF but it is in the SEC’s best interest to approve this product to allow citizens to hedge against the rampant inflation. The current futures based ETF products do not provide the right exposure for the typical everyday investor. Sincerely, Robert Vukosa