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. GBTC is currently trading at a large discount, resulting in billions of dollars of losses for United States residents. It’s frankly embarrassing that the SEC continues to deny 10’s of companies applying for spot Bitcoin ETF’s. Why do United States companies like Fidelity have Bitcoin ETF products in Canada and Europe, but not in the United States. Gary Gensler is doing a terrible job and is blacklisting products for his own personal political gain. As a single issue voter, I will not vote for any political party that supports Gary Gensler. Sincerely, Gregg VanderWaerdt Minnesota