Mar. 11, 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. Since the late 2000s, Bitcoin has ushered in an era where digitization and finance would eventually be commonplace in the general public. Over the years, Bitcoin and other cryptocurrencies challenged the status quo of traditional finance, given how it is currently structured and operated. While this financial asset has shown maturity in terms of growing adoption and acceptance, it has yet to capture the investor base that has expressed interest in having financial exposure in Bitcoin, but in different forms. This Bitcoin ETF, in turn, provides that option to those investors. As a Connecticut native, I am endorsing this listing solely because the industry has tremendous growth potential in serving not only investors from niche segments (e.g. crypto investors & traders) but to all other investors going forward. SEC, please consider this public comment as part of the basis of reaching a final decision. Thank you. Sincerely, Gabriel Sanchez