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. An ETF would be a great regulated way for my clients to invest in BTC without having to own Bitcoin. Just like GLD is an option to invest in gold without having to own gold bars. I reside in Pennsylvania. Sincerely, William R Bredt William R. Bredt, AAMS, WMS Senior Vice President, Investments Managing Director Corporate & Executive Services Raymond James & Associates