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. Nobody wanted a futures ETF diluting value and increasing manipulation. A spot Bitcoin ETF would give confidence to the market and the people about the regulation around it. If people are too scare to hold their own assets then they should have an option to buy an ETF in the tradional market to have some exposure. Canada has multiple and has one for Ethereum as well. The US is falling behind in the race to regulate crypto and its not going anywhere. Embrace the change please. I'm a california resident