Feb. 28, 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 reside in Honolulu, Hawaii, USA and am a investor in GBTC, since 2016. A spot ETF would be a fair investment for the investor creating ease and security to hold bitcoin in their portfolio in a secured regulated investment account. GBTC is holding the underlying asset of Bitcoin, and a spot ETF would be fair in the pricing of the fund as it would be traded in the value of bitcoin. The fund would help investors avoid fraud in investing, allow fair taxation within the investors account, and security in the investor’s portfolio Sincerely, Kendall Ching