Apr. 22, 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. A Spot Bitcoin ETF would allow investors like me to: Diversify my investment portfolio into the world's most popular cryptocurrency Invest in a product that directly tracks the price of Bitcoin without having to hold Bitcoin Own crypto in the same way I own many other investable assets Additional thoughts: The ETF has been approved in other countries and Grayscale has proved over a very long period of time capacity to manage securely crypto assets. US investors, and many investors all over the world such as myself, are suffering from the postponement of this decision and many are incurring losses and going to other markets because of the lack of appropriate instruments for this purpose. I can't see the reason not to convert the Trust into an ETF. I am a resident of Buenos Aires, Argentina Sincerely, Juan Cruz Mektoubdjian