Feb. 24, 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. Bitcoin has been in existence for over thirteen years, and it has proven to be a reliable form of money. Although volatile in contrast to the USD, it is secure and works flawlessly peer to peer. We already have a futures BTC ETF, and now it's time to take it to the next level with a Spot BTC ETF. Spot BTC ETFs already exist worldwide, in Canada and in the EU for example. Why is the SEC so slow in adopting new technology? Especially for software technology that has been around for over a decade, and uses blockchain technology taught at prestigious universities like MIT. I hope the SEC can keep up with the technology and approve Spot BTC ETFs, since BTC is already being adopted by other countries, which is a trend that will continue. As a US citizen, I am writing in support of the conversion of GBTC to become the first Spot Bitcoin ETF in the USA, and to be regulated by the SEC in the year 2022. Sincerely, Anonymous