May. 13, 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. I am a GBTC shareholder and reside in the state of Florida. The SECs stance on block spot BTC ETFs and holding back the GBTC conversation is detrimental to me as a retail investor. A regulated spot BTC ETF will be lower cost and more safe for retail investors than the current market options available. I am not interested in the more inefficient and costly BTC “futures” ETF. I sincerely hope the SEC is willing to treat BTC like other commodities that have both spot and futures ETF options. Sincerely, Avi Oppenheimer