Feb. 16, 2022
Hello, I am hoping to see approval of the conversion of The Grayscale Gbtc trust into a spot ETF. I am a believer in BTC and have owned quite a bit of GBTC for some time now. I feel the fact that the SEC keeps shooting down BTC etfs has single handedly cause GBTC is slip in price vs actual BTC. Yes BTC has volatility but many other stocks do as well. You allow practically anyone to trade options and risk seeing there investment plummet to zero. You also allowed a futures based ETF but you are having difficulty with a Spot ETF. This makes no sense. Please allow the conversion of GBTC to a spot and let us investors have a say in what we want to protect ourselves from. Thank you, Captain Art Hallenberg III