Feb. 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. I feel that allowing a futures based etf allows Wall Street to participate and make money via a derivative product. I have no idea how having direct ownership via a spot etf is dangerous if the other is not. Big hands helping big hands again I assume. I prefer not to hold my own private keys a spot etf allows for that. That’s the real investor protection that a spot etf provides. Sincerely, Shane Howell