Feb. 23, 2022
Dear SEC, I’m writing to support the conversion of Grayscale Bitcoin Trust (GBTC), currently the world’s largest Bitcoin fund, to be the first Spot Bitcoin ETF in the United States. You are constantly denying Bitcoin and Ethereum ETF applications under the guise of consumer protection, while approving numerous SPAC mergers that have caused many investors to suffer huge losses. The futures-based ETF’s you have approved are in many ways more risky than GBTC would be as a Spot Bitcoin ETF. And, consider to, the billions in lost US investments being sent to Canada where Spot Bitcoin ETFs are already thriving. There is no rational reason to deny Grayscale’s application so please approve it and soon! Regards, David Hasley