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. I live in NY State, in NYC, and have been disappointed by the way the US regulations and regulators have educated themselves about something as important as this. I will soon be purchasing BTC direct but because it was easier to start, I have used GBTC through my personal Fidelity accounts and my IRA and own it extensively, successfully, and have done so for nearly two years now. For me, and perhaps my generation it is not only digital gold, but it is the most reasonable monetary technology and store of value to have been adopted since gold. It deserves respect, education and approval. We deserve this choice, provided by you, for US citizens, which will help GBTC to not be handicapped by -20/25% when compared to every other international ETF the rest of the world can own. That is not fair and not reasonable. I still can’t believe that the US will be one of the last countries to approve a spot BTC ETF. I appreciate the due diligence, but please move forward and approve this simple and appropriate product onto the market. This evolution for the GBTC unit owners. Especially from such a we’ll managed company like Greyscale - one that has pioneered and lead the industry in the US. Please. Sincerely, Corey T Mitchell