Apr. 07, 2022
CAUTION: This email originated from outside of the organization. Do not click links or open attachments unless you recognize the sender and know the content is safe. 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. Digital assets as an emerging asset class continue to develop and mature, and allowing equal access to all investors via links to traditional finance and brokerage accounts is important for millions of people to be able to participate. Limiting exposure of ‘spot’ Bitcoin to only technologically savvy individuals actively discriminates against your average citizen with a brokerage or retirement account in equities. While there has been good progress on Bitcoin futures ETF’s, the fees and degradation of futures products are not as investor-friendly as a spot ETF could be. Sincerely, Jim McKenna Middlesex County, Massachusetts Sent from my iPhone