Mar. 11, 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 Bitcoin becomes more prevalent in our financial markets and in our personal portfolios, investors need an ETF that closely tracks the price of BTC without all the complexities of investing in BTC direct. With an ETF, investors would have direct exposure to the underlying asset without the confusion and lack of transparency of unrelated premiums and discounts. I know the SEC is concerned with the plight of individual investors, and approving a BTC ETF would help individuals gain exposure to BTC with less risk. Sincerely, Michael Rogers Kiawah Island, SC