Apr. 1, 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. Long overdue and if not approved, disatvatages retail customers with a substandard bitcoin tracking product with high premiums or discounts to NAV as well as high manager fees. The ETF would solve for allowing US based investors to have a better offering and would be consistent with other countries that already have multiple ETFs. The SEC has seen fit to not approve a Bitcoin ETF but will and has approved Bitcoin Futures ETFs which are riskier product for retail investors. A spot Bitcoin ETF and specifically approving the Greyscale Bitcoin Trust To ETF status would go a long way toward protecting the interests of retail investors Sincerely, Maura Gomes