Subject: Convert GBTC to an ETF
From: Jaime Andres Fernandez
Affiliation:

May. 06, 2022

EMAIL THE SEC 

ADVOCATE 


TO CONVERT 


GBTC TO AN ETF 


As part of our filing to convert Grayscale Bitcoin Trust (Symbol: GBTC) to an ETF,* the SEC provides a 240-day review period for anyone to submit comments for consideration.


The SEC wants to hear from investors, like you.


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To date, the SEC has only permitted Bitcoin Futures ETFs, while rejecting “physically backed” or Spot Bitcoin ETFs. 


The choice should be ours We have been waiting for the familiarity and protections of a Bitcoin ETF, so we believe we should not be forced into a Futures-based product simply because it’s the only one that exists.



I support to take GBTC to the next level, converting it to an ETF It’s already the world’s largest Bitcoin fund and regularly reports to the SEC on a voluntary basis as an SEC-reporting company.

We investors deserve a Spot Bitcoin ETF – We must be heard by the SEC. 
Sincerely 


Jaime A. Fernández 
Project Manager