May. 10, 2022
Dear SEC, I’m writing to support the conversion of Grayscale Bitcoin Trust (Symbol: GBTC), currently the world’s largest Bitcoin fund, to the first Spot Bitcoin ETF in the United States. I believe the public deserves to have access to a more efficient vehicle for investing in bitcoin. I feel that the current available ETFs, i.e. trust and cash settled futures, are not as efficient relative to a spot bitcoin ETF and therefore not as helpful to investors. Bitcoin has matured greatly as an asset although investing in Bitcoin carries financial risk (as does any other investment), in comparison to other approved ETFs, e.g. leveraged long/short indexes, it does not make sense to continue to deny the public an opportunity to invest in a bitcoin ETF. Sincerely, Collin Cook Raleigh, NC