Mar. 09, 2022
Hi SEC, I would like to vouch for the conversion of GBTC from a Trust to an ETF. I am a believer in Bitcoin and its strengths as a store of value, inflation hedge, medium of exchange, and version of digital gold. I have been a heavy investor in GBTC in my 2 retirement accounts because it is the only way to get exposure to Bitcoin through traditional markets. However, GBTC does not accurately represent the price of Bitcoin since it is not an ETF. We all deserve the option to invest in Bitcoin with our brokerage and retirement accounts. Bitcoin Spot ETFs are already approved all over the world. The US should be leading, instead of slacking. Thanks, Joe