Mar. 28, 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. As a shareholder of GBTC today, this is of great importance to me. Having this spot ETF pegged accurately to the price of BTC and available through SEC regulated exchanges will provide me as an investor more oversight and protection than exists today when forced to buy crypto currencies such as Bitcoin at exchanges that I can only assume do not come with as much oversight as an ETF would. If the SEC continues to turn away from legitimate spot ETF applications, investors will not be as protected as they should be. The appetite and desire for Bitcoin (and other similar currencies) is not going away - if anything it is growing. Now is the time for the SEC to get properly involved. Sincerely, Joel Parrish McIntyre