Mar. 22, 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 Bitcoin’s inception, the asset has stood against all doubters. It is currently accepted for purchase by federally regulated entities, most publicly traded companies. It has surpassed a one trillion-dollar market cap, a feat achieved by few, showcasing its demand. A Spot Bitcoin ETF will allow a multitude of investors invest in this asset, while they wait for the lagging regulations and clarification from this country’s enforcement agencies. Sincerely, Nathan Mantia