May. 06, 2022
To Whom it may concern, Given the SEC has already approved a futures-based bitcoin ETF, and given a spot-based product would be superior (and less subject to price manipulation), it is clear that the goal of the SEC is not to "protect investors" as has been stated. Please allow the conversion of GBTC to an ETF, as once again, a spot ETF is a superior product to GBTC in its current form, and is already available to the general public. Are you really trying to protect investors? Sincerely, Tom Gaffny