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. Bitcoin should be regulated like any other security and given that the SEC has approved a Bitcoin Futures based ETF, which has inherent limitations, leverage and complexities that most retail investors do not understand or even know exist (similar to what happened to USO during the height of the COVID crisis in March 2020), a spot ETF should be approved. Sincerely, Matthew Zimmerman