May. 06, 2022
I would like to see GBTC converted into an ETF so my investment would accurately track the value of Bitcoin without having to directly invest in the cryptocurrency itself. GBTC currently trades at an extreme discount to Bitcoin forcing me to purchase Bitcoin outside my normal brokerage and retirement accounts to gain exposure. It would eliminate the need to open accounts with other dealers like COINBASE, Voyager, etc. This would assist with streamlining financial and tax reporting as well. Thank you for the opportunity to express my view to you and with the hope and expectation that you will approve this conversion and protect the interest of investors. Sincerely, Larry Baty