Mar. 03, 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’m from the State of California. I am a retail investor. I want exposure to Bitcoin in my Retirement account. Currently, I’m using GBTC. I like the product, but the fees are high and it has a closed structure. Because of this, It doesn’t accurately follow the price of Bitcoin and currently trades at a large discount to the assets in the trust. Converting GBTC into an ETF would fix this. Considering that there is now a Futures Bitcoin ETF and the CFTC approved a Bitcoin futures product, please allow GBTC to become an ETF!. Treat like with like and please look after us retail investors! Sincerely, Daniel Nuss