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. I am a Texas resident and support the SEC’s mission. However, this is one of those times when the agency is limiting investors unnecessarily, in the guise of protecting them. It simply makes no sense that you would approve a BTC futures ETF, but not a spot ETF. I have never heard a reason articulated for this discrepancy that made sense to me. Frankly, the preferential treatment given to futures exchanges has the appearance of corruption and favoritism, even if it is, in fact, innocently misguided. Hoping for rationality from the SEC, not counting on it, Brian Sent from my phone