Mar. 23, 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 deserve an option that is able to actually track the underlying asset they are attempting to gain neutral exposure to. Forcing US-based investors to only have access to extremely inefficient futures-based funds with significant tracking deltas is awful, especially when neighboring countries like Canada are allowing listing of spot-based funds sponsored by US-companies! It's backwards. Please re-think and fix this. Your job is not to prevent access in the guise of 'protection'. Sincerely, Christopher Diffley