May 12, 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. It is incomprehensible why futures based ETF's have been approved while spot-based ETF's have not. The spot and futures market is inextricably linked and HIGHLY correlated. I am a US citizen and resident of New Jersey. Sincerely, Rob Stefani