Mar. 08, 2022
GBTC to convert to an ETF 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 currently reside in Massachusetts. This is important to me because I do want exposure to a pure Bitcoin ETF to balance my retirement portfolio (volitility is fine, because I have decades until retirement!) and have the opportunity to hedge against the stock market and US dollar, not to mention have exposure to an incredible growth asset. I don't quite understand how exposing and funneling retail investors to a product that is by all metrics worse, more costly and more convoluted than a spot BTC ETF is "protecting" them. Please approve a the spot ETF. Sincerely, Peter Stone