Apr. 23, 2022
To whom it may concern at the SEC, Grayscale Bitcoin trust should be allowed to convert to an ETF. Other countries already have a bitcoin ETF, but as a US investor, it is not conveniently available to me. This makes no sense. As a result of non-approval, I have to use a separate broker for my investments in international markets. I want to keep this money stateside. I want to be able to put my IRA into this. Allowing GBTC to convert to an ETF would allow it to better follow bitcoin value and provide US investors with a way to more easily invest in a digital asset without worrying about custody or using a cryptocurrency exchange. Sincerely, Johnson F. Tsui