Mar. 02, 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 would like to have the ability to invest in bitcoin through an ETF, not in bitcoin futures that are being bought and sold as manipulation or hedges against bitcoin. It is ridiculous that I’m only able to buy this futures ETF which causes some loss of money compared to spot bitcoin etf from contango bleed. Canada has a spot ETF. Fidelity is running a spot ETF in Europe. Be honest in your decision making. Gold spot ETF is no less manipulated. I live in Burlingame, California. I am very familiar with the risks of cryptocurrency. Sincerely, James Cowan