Mar. 12, 2022
Dear SEC, I’m writing to support the conversion of Grayscale Bitcoin Trust to a Spot Bitcoin ETF in the United States. There actually should be multiple cryptocurrency ETFs approved by multiple companies in order to facilitate fee competition. There is no reason to have a futures ETF on a commodity while denying investors the ability to purchase an ETF that actually holds the commodity. It seems to me that futures contracts contribute to the volatility in the market that a spot ETF wouldn’t. Sincerely, Kevin Peterson