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. If a Bitcoin ETF is permitted using futures it seems ridiculous that a spot ETF is not permitted in the U.S. They are permitted outside our borders and it is time for the U.S. to permit them as well. The discount or premium the current ETF trades at is unnecessary and harmful to investors. This could be eliminated with the spot ETF. Please approve it. Sincerely, Pete Wooten