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 am currently directly invested in certain digital currencies directly through crypto exchanges and wallets. I use Cointracker.io to determine my taxes. Most people who invest directly in digital currencies, probably answer the question that now appears on the IRS tax forms as NO and fail to pay any taxes due on crypto sales. That bothers me a lot because everyone should accurately prepare or have prepared their taxes. Most buyers of crypto are probably not concerned about the extreme privacy that potentially is associated with direct purchases, so they would like to be able to buy digital currencies, such as Bitcoin, through an ETF which makes it simple to pay taxes on any gains. So, allowing the creation of digital currency ETFs is a win for the investors in crypto and results in accurate reporting of their transactions and paying of taxes. This is a win for the investor and a win for accurate payment of taxes. Sincerely, George Friedman