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 be 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: Vanguard is doing away with GBTC because it is OTC and will remove access. Schwab and TD Ameritrade charge for trades on it because it is OTC. I am a resident of the state of Florida. Please do the right thing and stop trying to protect us. This will be far safer than many of the small exchanges that are being used for access. Sincerely, Mike Tilghman