May 22, 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. Allowing a futures ETF (which is based on the Bitcoin market) but not allowing a Spot ETF based on the same market makes absolutely no sense. We can all see through it. You might as well just embrace it. You limiting a spot ETF literally isn’t protecting anybody. I’m still buying it and tons of others are. Sincerely, Jordan