Apr. 25, 2022
To Whom It May Concern, 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. The SEC doesn't have any justification for continuing to reject Bitcoin ETF bids when a BTC futures ETF has already been approved. A futures ETF only benefits institutional and sophisticated traders while retail investors get left out. A spot ETF will allow millions of Americans to invest in Bitcoin who would currently like to do so but are nervous about self custody or lack the technical skills to do so. Thanks, Brandon Musser