May. 11, 2022
Dear SEC, My name is Marcus Håkanson and I am from Stockholm, Sweden. I am a 46 years old entrepreneur that today invest in small and midsize companies, primarily in Sweden. I also invest in Bitcoin and other Crypto. I only have 2 questions: 1. Why can’t I invest in a Bitcoin Spot ETF already? 2. Why can I go to a Casino and put my entire wealth on red? I am in favor of approving the Form 19b-4 that NYSE Arca filed with you to convert Grayscale Bitcoin Trust (OTCQX: GBTC) – the world’s largest publicly traded crypto asset fund, with approximately $30 billion in AUM, hundreds of millions in daily trading volume, more than 850,000 investors, holding approximately 3.4% of all Bitcoins outstanding – into a Bitcoin Spot ETF. This year, GBTC has traded at an approximately 25% discount to its NAV, which means the price of GBTC is less than the price of its underlying assets, Bitcoin. With approximately $30 billion in AUM, that results in approximately $7.5 billion of trapped value from existing U.S. investors. Sincerely, Marcus Håkanson