May. 09, 2022
Please approve a SPOT ETF for bitcoin. It’s counterintuitive to see a BTC futures product and not a SPOT product. GBTC should peg to the NAV price of BTC but it does not because it’s a trust and not BTC. If you’re worried about verifying BTC holdings by the SPOT ETF, what better way that BTC. Easily auditable and verifiable. Thanks much, Ryan -- Ryan C. Hanson IT Consultant Hanson Consulting, Inc.