Mar. 02, 2022
Dear SEC, I’m writing to lend my sincere support for 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. It is clear that Bitcoin is here to stay. It has many advantages over other assets. While there are risks to purchasing any asset, I feel the SEC has been overly aggressive in its opposition to authorizing Bitcoin ETF's. Meanwhile, major investment firms are building positions in Bitcoin (BTC). On the surface, it might appear like the SEC is waiting for institutions to build their positions before authorizing spot ETFs for average citizens. This doesn't seem fair. Please allow Grayscale to move forward with converting GBTC into a spot Bitcoin ETF. Sincerely, Andrew Mitchell