May. 10, 2022
To whom it may concern, I am writing to voice support for converting GBTC into an ETF. The SEC has already approved Bitcoin futures yet you reject an actual physical backed fund? Many investors are not interested in a bitcoin futures fund but would rather hold a physically backed product. Other countries have already beat you to do this. As far as I understand, the SEC is meant to "protect" investors like myself. Then do your job and approve an ETF. Otherwise, you have investors like myself going outside of our comfort zones and acquiring bitcoin through other means. Leaving bitcoin on exchanges or moving to external wallets has risks for us investors. Give us the safety and ease of use of an ETF please. Thanks for the opportunity to give my two cents... Sean