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. The use of bitcoin as a store of value in an ETF, similar to gold in a gold ETF, is an important financial instrument for individual investors. Since GBTC is 100% backed by bitcoin it makes sense that it be allowed to convert to a spot ETF. I have many friends in Indiana that are current investors in GBTC and would welcome the conversion. Sincerely, Greg Wolff