May. 14, 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. The SEC has already approved futures ETFs under the 40 Act and more recently under the same 30 Act that the spot etfs have applied under. Grayscale has safely stored hundreds of thousands of bitcoin without incident of losing any. The approval of the spot etf will also improve the competition and help lower the annual fees of these investments. The SEC cannot justify the approval of futures while continuing to deny the spot ETF. Sincerely, Glen Hardin Arkansas