Mar. 31, 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 am a Texas physician, tax-payer, and investor. The delay in creating a spot ETF for Bitcoin can only be couched in “concern for investors” for so long. At this time I am beginning to doubt that narrative. With several countries already approving Bitcoin spot ETF’s, the approval of a Bitcoin futures ETF, and allowing GBTC to be bought at a deep discount the delay now seems more like political posturing on the part of SEC chair than anything else. Please prove all of us wrong and approve spot ETFs like GBTC. Sincerely, Jason Satterfield, MD