Mar. 30, 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 an investor in GBTC, I believe a spot GBTC ETF is needed to protect myself and thousands of others like me who have significant retirement funds invested in GBTC. The higher fees charged by GBTC are of concern and need to be changed. The discounts and premiums associated with GBTC relative to the underlying asset (BTC) are harmful and confusing to myself and other investors. A spot-based GBTC ETF will eliminate these concerns and make the process of investing a lot less scarier and more fair for all those involved. The future of honest finance is contained in the Bitcoin blockchain, and American investors deserve a way to support this extremely important and powerful new way forward. Thank you. Sincerely, Jason Edwards