Mar. 29, 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. I reside in North Carolina, and I believe in the future of blockchain technology and bitcoin as a hedge against inflation for my retirement account. I would like to be able to purchase an ETF actual bitcoin and other cryptocurrency assets as a spot ETF, rather than a futures ETF. To my knowledge, the SEC has not provided adequate justification for the denial of Spot Bitcoin ETFs in the past, and this borders on arbitrary and capricious. This should be rectified immediately by SEC's approval of pending Spot Bitcoin ETFs. Sincerely, Jeff Thomas