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 as in a gold ETF such as (GLD), or Silver in the ETF (SLV); it 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, as many of my friends & family are current investors in GBTC and would welcome the conversion. Again… Please support the desires of the large number of Grayscale Bitcoin Trust (Symbol: GBTC) owners to see a conversion to the first Spot Bitcoin ETF in the United States Sincerely, John Zanolla