May. 17, 2022
Please allow GBTC to convert to an ETF by aproving Form 19b-4 to convert Grayscale@Bitcoin Trust into a Bitcoin Spot ETF. IRA rules don't allow to buy bitcoin, GBTC has been the only way to buy Bitcoin within IRA's, but at a steep discount in price and dosen't follow the price on the stock market. I feel unprotected in my investment and don't have much recourse other than selling GBTC at a much lower price than actual Bitcoin market price. Retired 6 yrs ago and trying to live off SS. and investments. Protect us please- we shouldn't be forced to accept less rights than others just because I've retired and living off IRA's investments. The IRA's were almost forced upon us as the way to retire better- but now we're unprotected without options from IRA's rules. The SEC should approve GBTC for conversion to an ETF and allow investors a choice over which product best meets their investment needs. To do otherwise would go against the SEC's core mission of protecting investors. Thank-you for your time and consideration. Sincerely, Barry A. Noyes