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. > > Investors should have the choice to invest in an ETF instead of being forced into a futures based product. It’s completely unfair that, to date; the SEC has only permitted Bitcoin Futures ETFs while rejecting physically-backed or spot Bitcoin ETFs. The choice should be ours as individual investors! Investors have been waiting for the familiarity and protections of a Bitcoin ETF, they should not have to wait any longer. Grayscale is already the world’s largest Bitcoin fund and regularly reports to the SEC. It’s ridiculous that it has taken this long to approve its transition into a spot ETF. Correct this wrong as soon as possible. I reside in California. > > Thank you for your time & please do the right thing. > > Sincerely, Chris