Mar. 16, 2022
Hello, I think GBTC should definitely be converted into a Spot ETF as soon as possible. I strongly believe in bitcoin as an asset with significant positive properties to humanity. It's limited supply, censorship resistance, and easy transmissibility are key features that set it apart from traditional fiat currency. These all make it an amazing store of value. I would like to be able to buy this in my retirement account easily and not have to worry about custody of actual bitcoin. A spot bitcoin ETF would enable this. I think GBTC should be the first to become a spot ETF because it already holds a huge amount of bitcoin. This way the fees for the fund will also be reduced, which is also a plus for a small investor like myself. Please approve GBTC conversion into an ETF now! Thank you Sunjeev Konduru