May. 06, 2022
Hey guys, I see you're considering allowing yet another BTC futures ETF than a spot one. It's time to stop playing games by allowing GBTC to convert to a SPOT ETF immediately. More reasons to support a spot ETF: - to bar folks from buying into it without having to worry about custody and security is harsh. - $ go offshore to canada etc which offers a spot BTC ETF - retirement accounts (fidelity just announced this) can buy in and control the %-age Keep the $ in the US, and keep it visible and taxable. Do the right thing. Allow GBTC to convert from whatever the hell it is now to a SPOT BTC ETF. While you're at it, allow ETH spot ETFs too. Eugene Hill