Mar. 01, 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 have owned GBTC for a couple of years in my E*Trade account because I wanted exposure to BTC. I'm an accredited investor and have traded futures before (including BRR) , and would still prefer to have a simplified ETF available with a minimal management fee. Moving to have GBTC as a legitimate ETF with verifiable holdings of BTC would better ensure that both the regular retail investor and the sophisticated investor has the maximum amount of safety and security on it, and also close the ridiculous gap between spot and GBTC's current price. I look forward to a positive conclusion. Regards, James R. Weisser