Mar. 19, 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. I’ve been invested in the GBTC fund since the very beginning and the fees we’ve had to pay would be drastically reduced if it was converted to a spot ETF. I’m based in Santa Barbara, CA and there’s no reason we should be paying the current fees, especially when a spot ETF would make it a better option for the investors. Isn’t the idea of the SEC if to protect investor? Then make the right decision and let’s convert this fund into an ETF. Best, Jon