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. Please stop pretending to protect the retail investor. What you’re doing by not allowing a spot bitcoin is an absolute disgrace. Needless to say, with the amount of actual bitcoin it already holds, GBTC should be the first proposed spot bitcoin ETF to get approved. And it should have been approved forever ago! Sincerely, James Labadie