Feb. 23, 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. As someone who has been thinking about the benefits of Bitcoin for quite some time, it is essential to allow for Spot ETFs as they are far safer investment products than Futures. The SEC needs to be constructive on this matter so that the storage doesn’t go into hardware wallets that the SEC will later have much more difficulty regulating and stays within the purviews of the SEC via a Spot ETF/ETP. Give the financial freedoms that are safe that the public demands and they shall be thankful for all that you have done. Give people the trust in a time of such great uncertainty and don’t only allow BTC to be owned by those savvy enough to figure it out on their own--- allow for financial freedom for everyone. Thank you for all your services, the SEC does such important work in regulating and keeping all of us safe. Be well and wishing all the best in your journey of keeping all of us safe. Sincerely, Dylan