Feb. 14, 2022
To Whom This May Concern, There really is no reason for the GBTC to be declined as an ETF if there is true concern for the investor. Reasons: 1 - it will immediately eliminate the discount to net asset value for investors resulting in gains for average investors and pricing the asset at fair market value. In short it creates a more efficient market. 2 - the futures etf is already approved. This product is actually worse for investors as the etf has to roll the futures each month which general results in losses for investors during contango markets. Ultimately less efficient than a true physically backed etf. For these reasons delaying a decision further, or worse, denying the ETF altogether would make investors worse off. If the SEC is truly looking out for the best interest of the average investor than they will allow the move to a fully backed physical ETF asap. Regards, Zalman Sherman Concerned Investor